Exhibit 99.1
AEP
2003 Earnings Breakdown
($ millions) | EPS | |||||
UTILITY OPERATIONS: | ||||||
Gross Margin: | ||||||
Retail Margin - Regulated Integrated Utilities | 3,021 |
| ||||
Ohio Companies | 1,937 |
| ||||
Texas Wires | 771 |
| ||||
Texas Supply | 310 |
| ||||
FERC Municipal and Co-op & Other Customers | 232 |
| ||||
System Sales | 355 |
| ||||
Trading | — |
| ||||
Transmission Revenue - 3rd Party | 409 |
| ||||
Other Operating Revenue | 234 |
| ||||
Total Gross Margin | 7,269 |
| ||||
Operations & Maintenance | (2,886 | ) | ||||
Depreciation & Amortization | (1,276 | ) | ||||
Taxes Other than FIT | (811 | ) | ||||
Capital Cost and Other | (638 | ) | ||||
Federal Income Taxes | (578 | ) | ||||
Net Earnings Utility Operations | 1,080 |
| 2.86 |
| ||
WHOLESALE INVESTMENTS: | ||||||
AEPES (Gas Holdco)/Trading | (20 | ) | ||||
MEMCo | 9 |
| ||||
AEP Coal | 5 |
| ||||
UK Generation/Trading | (103 | ) | ||||
CSWE/Wind | (25 | ) | ||||
Total Wholesale Investments | (134 | ) | (0.36 | ) | ||
OTHER INVESTMENTS: | ||||||
AEP Communications | (15 | ) | ||||
CSW International | (4 | ) | ||||
Parent Company Expenses | (17 | ) | ||||
Other | (42 | ) | ||||
Total Other Investments | (78 | ) | (0.21 | ) | ||
ON-GOING EARNINGS | 868 |
| 2.30 |
|
GUIDANCE RANGE OF $2.20 TO $2.40
