American Electric (AEP) Updates FY09 and FY10 Guidance
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American Electric Power (NYSE: AEP) set up 2010 guidance.
The company anticipates FY10 EPS of $2.80 - $3.20. FY09 EPS guidance remains $2.90 - $3.05.
AEP projects that 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.
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