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Article: AEP Sets 2010 Ongoing Earnings Guidance, Capital Expenditures Budget.
- Article from:
- Energy Weekly News
- Article date:
- November 20, 2009
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American Electric Power (NYSE:AEP) has set its ongoing earnings guidance range and capital expenditures budget for 2010. AEP will also form a transmission company as part of its strategy to pursue transmission investment opportunities in AEP's traditional footprint.
AEP management will be discussing the company's financial outlook and strategic direction during meetings with investors at the annual Edison Electric Institute Financial Conference that begins today in Hollywood, Fla.
AEP anticipates that 2010 ongoing earnings will be between $2.80 and $3.20 per share. Ongoing earnings guidance for 2009, which reflects last week's upside adjustment, remains ...