American Electric Power Co., Inc. expected to report Q1 2013 results on May 21, 2013. This event was calculated by Capital IQ (Created on May 15, 2013).

American Electric Power Co., Inc. announced that it has received approval from the Federal Energy Regulatory Commission (FERC) to separate its Ohio generating assets from its Ohio distribution and transmission operations and transfer these assets to a competitive generation company and regulated affiliates. AEP is awaiting FERC approval of additional transactional agreements between AEP affiliates. The FERC's April 29 decision approved the transfer of AEP Ohio-owned generation to a new wholly owned company -- AEP Generation Resources Inc. The FERC also approved further transfer of AEP Ohio's two-thirds ownership (867 MW) in John E. Amos Plant Unit 3 (1,300 MW) and ownership of 800 MW of the 1,600-MW generating capacity of Mitchell Plant to Appalachian Power as well as ownership transfer of the remaining 800 MW of Mitchell Plant to Kentucky Power. Additionally, the FERC approved merging AEP's Wheeling Power utility into Appalachian Power. AEP's application to terminate the interconnection agreement, or pool, that exists among AEP's utilities in the Midwest and for approval of a new Power Coordination Agreement among Appalachian Power, Kentucky Power and Indiana Michigan Power remains pending before the FERC, along with other tariff filings related to corporate separation. AEP anticipates implementing corporate separation and the other items in the related filings by Dec. 31, 2013.

American Electric Power Co., Inc. reported unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of USD 3.8 billion compared to USD 3.6 billion a year ago. GAAP earnings were USD 363 million compared to USD 389 million a year ago. Operating earnings were USD 387 million compared to USD 389 million a year ago. GAAP earnings per share were USD 0.75 compared to USD 0.80 a year ago. Operating EPS were USD 0.80 compared to USD 0.80 a year ago. Operating earnings from AEP River Operations for first-quarter 2013 were USD 11 million lower than for the same period in 2012 primarily due to the 2012 drought, which continued to have negative impacts on river conditions and 2012 crop yields, resulting in reduced grain exports in 2013. The company reaffirmed its operating earnings guidance range for 2013 of USD 3.05 to USD 3.25 per share. In providing operating earnings guidance, there could be differences between operating earnings and GAAP earnings for matters such as, but not limited to, divestitures or changes in accounting principles. AEP management is not able to estimate the impact, if any, on GAAP earnings of these items. Therefore, AEP is not able to provide a corresponding GAAP equivalent for earnings guidance. The Board of Directors of the company declared a regular quarterly cash dividend of 49 cents a share on the company's common stock, increasing the dividend 4.3% from the previous 47 cents a share. AEP last increased its dividend in October 2011. The dividend is payable June 10, 2013, to shareholders of record as of May 10, 2013. AEP has paid a cash dividend on its common stock every quarter since July 1910.