Continuing turmoil within the wholesale markets and an awful month of June for gas versus power prices have forced American Electric Power (AEP) to re-think its 2002 earnings forecast. On Thursday, the company predicted its earnings would be 10% lower than expected this year.
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AEP: Disappointing June Plus Market Turmoil = Lower Earnings
Continuing turmoil within the wholesale markets and an awful month of June for gas versus power prices have forced American Electric Power (AEP) to re-think its 2002 earnings forecast. On Thursday, the company predicted its earnings would be 10% lower than expected this year.
July 19, 2002
AEP: Disappointing June Plus Market Turmoil = Lower Earnings
Continuing turmoil within the wholesale markets and an awful month of June for gas versus power prices have forced American Electric Power (AEP) to re-think its 2002 earnings forecast. On Thursday, the company predicted its earnings would be 10% lower than expected this year.
July 19, 2002
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