American Electric Power |
Financial
Results for YTD September 2004 Actual |
Reconciliation
of On-going and Reported Earnings |
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2004 Actual |
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Utility |
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Invest. |
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Parent |
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Total |
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EPS |
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($ millions) |
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On-going Earnings |
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845 |
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(45) |
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(43) |
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757 |
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1.91
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Dispositions: |
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Gain from sale of Nanyang General Light Electric Co. |
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- |
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6 |
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- |
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6 |
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0.02 |
Gain from sale of IPP's |
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- |
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64 |
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- |
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64 |
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0.16 |
Gain from sale of UK Generation |
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- |
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127 |
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- |
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127 |
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0.32 |
Gain from sale of Southcoast Power Ltd. |
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- |
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31 |
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- |
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31 |
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0.08 |
Loss from sale of Jefferson Island Storage Hub |
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- |
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(2) |
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- |
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(2) |
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(0.01) |
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Discontinued Operations: |
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UK Discontinued Operations |
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- |
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(71) |
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- |
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(71) |
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(0.18) |
LIG Discontinued Operations |
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- |
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- |
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- |
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- |
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- |
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Total Special Items |
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- |
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155 |
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- |
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155 |
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0.39 |
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Reported Earnings |
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845 |
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110 |
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(43) |
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912 |
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2.30 |
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Shares Outstanding |
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Financial
Results for YTD September 2003 Actual |
Reconciliation
of On-going and Reported Earnings |
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2003 Actual |
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Utility |
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Invest. |
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Parent |
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Total |
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EPS |
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($ millions) |
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On-going Earnings |
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928 |
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(111) |
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(39) |
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778 |
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2.04
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Changes in Accounting
Principles: |
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SFAS 143 Asset Retirement Obligation |
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249 |
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(7) |
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- |
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242 |
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0.63 |
Cessation of EITF 98-10 re: MTM accounting |
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(13) |
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(36) |
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- |
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(49) |
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(0.13) |
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Impairments and
Dispositions: |
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Adjustment to South Coast Impairment |
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- |
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6 |
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- |
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6 |
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0.02 |
Net Proceeds from Sale of Mutual Energy
(back office operations) |
- |
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26 |
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- |
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26 |
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0.07 |
Adjustment to sale of water heater rental program |
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(3) |
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- |
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- |
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(3) |
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(0.01) |
IPP Impairment |
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- |
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(45) |
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- |
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(45) |
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(0.12) |
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Discontinued Operations: |
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UK Discontinued Operations |
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- |
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(89) |
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- |
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(89) |
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(0.24) |
LIG Discontinued Operations |
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- |
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6 |
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- |
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6 |
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0.02 |
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Total Special Items |
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233 |
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(139) |
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- |
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94 |
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0.24 |
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Reported Earnings |
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1,161 |
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(250) |
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(39) |
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872 |
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2.28 |
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