American Electric Power |
Financial
Results for September 2004 YTD Actual vs September 2003 YTD Actual |
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2003 Actual |
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2004 Actual |
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($ millions) |
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EPS |
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($ millions) |
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EPS |
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UTILITY OPERATIONS: |
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Gross Margin: |
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1 |
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Regulated Integrated Utilities |
2,183 |
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2,315 |
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2 |
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Ohio Cos. |
1,505 |
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1,497 |
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3 |
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Texas Wires |
508 |
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334 |
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4 |
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Texas Supply / REP |
325 |
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273 |
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5 |
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Off-System Sales |
379 |
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413 |
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6 |
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Other Wholesale Transactions |
(4) |
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13 |
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7 |
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Transmission Revenue - 3rd Party |
350 |
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368 |
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8 |
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Other Operating Revenue |
270 |
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247 |
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9 |
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Total Gross Margin |
5,516 |
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5,460 |
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10 |
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Operations & Maintenance |
(2,138) |
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(2,276) |
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11 |
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Depreciation & Amortization |
(927) |
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(940) |
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12 |
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Taxes Other than Income Taxes |
(521) |
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(530) |
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13 |
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Interest Exp & Preferred Dividend |
(499) |
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(471) |
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14 |
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Other Income & Deductions |
7 |
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32 |
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15 |
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Income Taxes |
(510) |
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(430) |
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16 |
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Net Earnings
Utility Operations |
928 |
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2.43 |
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845 |
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2.13 |
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INVESTMENTS: |
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17 |
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AEPES, inclds Gas HoldCo (HPL & LIG) |
(65) |
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(41) |
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18 |
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MEMCO |
4 |
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6 |
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19 |
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IPPs and Wind Farms |
(6) |
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7 |
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20 |
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AEP Resources - Other |
(23) |
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(6) |
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21 |
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Other |
(21) |
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(11) |
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22 |
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Total
Investments |
(111) |
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(0.29) |
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(45) |
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(0.11) |
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23 |
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Parent Company |
(39) |
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(0.10) |
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(43) |
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(0.11) |
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24 |
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ON-GOING
EARNINGS |
778 |
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2.04 |
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757 |
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1.91 |
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Note: |
For analysis purposes, certain financial
statement amounts have been reclassified for this effect on earnings
presentation. |
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