American Electric Power Co., Inc. (NYSE:AEP) Q2 2019 Earnings Conference Call Transcript

Jul 25, 2019 • 09:00 am ET


American Electric Power Co., Inc. (NYSE:AEP) Q2 2019 Earnings Conference Call Transcript


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Ladies and gentlemen, thank you for standing by and welcome to the American Electric Power Second Quarter 2019 Earnings Call. [Operator Instructions]. I will now turn the call over to your host, Bette Jo Rozsa. Please go ahead.

Bette Jo Rozsa

Thank you, Kevin. Good morning, everyone and welcome to the Second Quarter 2019 Earnings Call for American Electric Power. Thank you for taking the time to join us today. Our earnings release, presentation slides and related financial information are available on our website at

Today, we will be making forward-looking statements during the call. There are many factors that may cause future results to differ materially from these statements.

Please refer to our SEC filings for a discussion of these factors. Our presentation also includes references to non-GAAP financial information. Please refer to the reconciliation of the applicable GAAP measures provided in the appendix of today's presentation.

Joining me this morning for our opening remarks are Nick Akins, our Chairman, President and Chief Executive Officer; and Brian Tierney, our Chief Financial Officer. We will take your questions following their remarks. However, before I turn the call over to Nick, I would like to share with you that this will be my last earnings call here at AEP.

After 39 years with the Company, including 22 years in IR, I have decided to retire, effective September 30th. While I thoroughly enjoyed my role here at AEP and interacting with all of you, there are other ventures I would like to explore and decided now is the right time.

Nick and Brian have graciously invited me to come to EDI for our conference so that I can say goodbye to you and I look forward to seeing you there. In the meantime, I'm leaving you all in very good hands with Darcy Reese who most of you already know and our new addition to IR, Tom Scott, who many of you will get to meet in the coming months.

I will now turn the call over to Nick.

Nicholas K. Akins

Thanks Bette Jo. Before I get started with the earnings call, I would like to recognize Bette Jo for the wonderful job she has done representing this Company and our investors. I'm a CEO that has been trained by Bette Jo Rozsa.

I have the permanent bruises on my hands to prove it. I've looked at her for guidance, no pun intended, with the message of our Company and we will sorely miss her. She mentioned to me that she actually did our first earnings call and has done all them since. A 114 years of earnings calls is a lot. Just kidding. She has been with the Company 39 years and we have done earnings calls beginning in 2000. So again, Bette Jo, thank you.

Now off to the second quarter. We're doing this little differently this time. I'm deferring the actual discussion of the GAAP and operating financial performance to Brian's part of the presentation, other than to say, it was another steady as