American Electric Power |
Financial
Results for YTD June 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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486 |
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(13) |
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(34) |
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439 |
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1.11 |
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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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0.01 |
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Discontinued Operations: |
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UK Discontinued Operations |
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- |
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(64) |
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- |
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(64) |
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(0.16) |
LIG Discontinued Operations |
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- |
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1 |
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- |
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1 |
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- |
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Total Special Items |
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- |
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(57) |
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- |
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(57) |
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(0.15) |
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Reported Earnings |
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486 |
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(70) |
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(34) |
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382 |
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0.96 |
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Financial
Results for YTD June 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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534 |
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(90) |
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(18) |
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426 |
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1.13 |
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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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0.64 |
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) |
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Discontinued Operations: |
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UK Discontinued Operations |
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- |
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(37) |
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- |
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(37) |
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(0.09) |
LIG Discontinued Operations |
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- |
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4 |
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- |
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4 |
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0.01 |
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Total Special Items |
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233 |
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(44) |
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- |
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189 |
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0.51 |
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Reported Earnings |
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767 |
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(134) |
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(18) |
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615 |
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1.64 |
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