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

Jul 25, 2019 • 09:00 am ET

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

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Presentation
Executive
Brian X. Tierney

range at 15.3%, and our net liquidity stood at about $2.6 billion supported by our revolving credit facility.

Our qualified pension funding decreased approximately 2% to 96%, and our OPEB funding decreased approximately 1% to 130%. A drop in interest rates with the largest driver in the decreased funding status with strong equity and fixed income returns helped offset much of the liability increases.

Let's try to wrap this up on Slide 13, so we can get to your questions. We have successfully achieved outcomes in all expected regulatory cases. And we will work with our regulators to obtain approval in the North Central Wind initiative benefiting our PSO and SWEPCo customers.

Our year-to-date performance in the stability of our regulated business model gives us the confidence to reaffirm our operating earnings guidance range of $4 per share to $4.20 per share.

With that, I will turn the call over to the operator for your questions.