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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Q & A
Executive
Nicholas K. Akins

being said, there is expansion going on. Matter of fact, there was just an announcement in Corpus Christi of a large expansion there. It was announced a couple days ago.

So, we continue to see the pipeline of activity. And I think we just need to get past these tariff issues so that people really understand and companies understand the rules of the game so they can make investments. And so, we'll get there. But until then, we'll do what we've always done. No matter what's going on with all the fundamentals associated with our business, we pull the levers we need to, to make sure externally, we revive that consistent quality of earnings going forward. So, if the economy is adjusting, we have to adjust.

Analyst
Greg Gordon

Clear. Thank you.

Operator
Operator

And our next question is from the line of Julien Dumoulin-Smith, Bank of America. Please go ahead.

Executive
Nicholas K. Akins

Good morning, Julien.

Analyst
Alex Morgan

Good morning. This is Alex calling in for Julien. Congratulations, by the way, Bette Jo.

Executive
Bette Jo Rozsa

Thank you.

Analyst
Alex Morgan

I have two quick questions. And one is first on Ohio. I was wondering if you have looked into and could detail the impact of decoupling from the Ohio Bill 6. I know that this is something that First Energy is exploring. And I was wondering if this could potentially be a positive for you as well.

Executive
Nicholas K. Akins

Well, we're already decoupled in Ohio. So, that really isn't an issue for us.

Analyst
Alex Morgan

Okay, great. And then my second question is plans for AMI in SWEPCo, if this could also be another positive for the Company and if so, when we might anticipate future announcements about it?

Executive
Nicholas K. Akins

Yeah, I think it will be positive for SWEPCo, and certainly, we want to go about the process as quickly as possible to get AMI metering put in place as a predicate for many of the technologies that we're working with. So, it's important to do that. I think you're probably going to be seeing a focus on that very soon now that the whole installation is done.

Analyst
Alex Morgan

Okay. Thank you. And also including like Arkansas and states like that rather than just Texas?

Executive
Nicholas K. Akins

Well, certainly, we'll install AMI metering wherever we can install it. But -- and I'd have to check, but I'm pretty sure we could do that in the other states already. We just haven't gotten to the point of moving that process ahead in those jurisdictions yet, but we're getting there.

Analyst
Alex Morgan

Okay. Thank you so much. Thanks for taking my questions.

Executive
Nicholas K. Akins

We had recently installed some AMR meters in SWEPCo. And so, we're really managing through dealing with the replacement of those at the same time of putting in AMI metering. So, it's one of those areas where timing is going to be really important, and certainly, the regulatory process will be key in terms of the implementation.

Analyst
Alex Morgan

Okay. Thank you again.

Operator
Operator

Next question is Steve Fleishman, Wolfe Research. Please go ahead.

Executive
Nicholas K. Akins

Good morning, Steve.

Analyst
Steven I. Fleishman

Hey. Good morning. Bette Jo, congratulations. Definitely wish you the