American Electric Power (AEP) 8-K Other Events

Exhibit 99.2
American Electric Power
2008 Actual vs. 2009 Guidance
								2008 Actual					2009 Guidance
				Performance Driver				($ millions)	Performance Driver				($ millions)
	UTILITY OPERATIONS:
		Gross Margin:
1			East Regulated Integrated Utilities	72,725	GWh @	$31.3	/MWhr  =	2,278	68,579	GWh @	$36.8	/MWhr  =	2,523
2			Ohio Companies	52,181	GWh @	$46.6	/MWhr  =	2,431	49,597	GWh @	$58.1	/MWhr  =	2,879
3			West Regulated Integrated Utilities	41,907	GWh @	$25.2	/MWhr  =	1,057	40,065	GWh @	$29.0	/MWhr  =	1,163
4			Texas Wires	27,075	GWh @	$19.8	/MWhr  =	537	27,267	GWh @	$20.6	/MWhr  =	561
5			Off-System Sales	29,365	GWh @	$28.8	/MWhr  =	845	22,763	GWh @	$11.4	/MWhr  =	260
6			Transmission Revenue - 3rd Party					329					364
7			Other Operating Revenue					569					636
8			Utility Gross Margin					8,046					8,386
9			Operations & Maintenance					(3,366)					(3,361)
10			Depreciation & Amortization					(1,450)					(1,524)
11			Taxes Other than Income Taxes					(749)					(785)
12			Interest Exp & Preferred Dividend					(872)					(918)
13			Other Income & Deductions					168					97
14			Income Taxes					(567)					(608)
15			Utility Operations On-Going Earnings					1,210					1,287
16			Transmission Operations On-Going Earnings					2					3
	NON-UTILITY OPERATIONS:
17			AEP River Operations					55					48
18			Generation & Marketing					65					43
			Non-Utility Operations On-Going Earnings					120					91
19			Parent & Other On-Going Earnings					(31)					(78)
20			ON-GOING EARNINGS					1,301					1,303
Note:	For analysis purposes, certain financial statement amounts have been reclassified for this effect on earnings presentation.