American Electric Power (AEP) expects 2010 ongoing earnings to be in the range of $2.80 - $3.20 per share. Analysts polled by Thomson Reuters estimate the company to report earnings of $3.06 per share for the quarter. Analysts' estimates typically exclude special items.
Ongoing earnings guidance for 2009, which reflects last week's upside adjustment, remains at $2.90 to $3.05 per share. Ongoing earnings represent earnings from continuing operations, which exclude special or one-time items included in the earnings prepared in accordance with generally accepted accounting principles.
The company anticipates capital expenditures for utility operations will decrease to $1.993 billion in 2010 from the estimated $2.466 billion in 2009, reflecting AEP's conservative approach for near-term capital expenditures.
American Electric Power will form a transmission company, or Transco, to pursue new transmission opportunities within the company's existing 11-state footprint, a key component in a three-part national transmission strategy. The company expects to invest $118 million in Transco activities in 2010.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.