American Electric (AEP) Updates FY09 and FY10 Guidance

November 2, 2009 7:31 AM EST

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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