American Electric Power will continue to actively manage its portfolio and invest in its regulated operations to generate value for customers, communities and investors. The company reaffirmed its narrowed 2023 operating earnings guidance range of $5.24 to $5.34 per share with a midpoint of $5.29 and announced its 2024 guidance range of $5.53 to $5.73 per share, consensus $5.58. AEP also reaffirmed its projected long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%. AEP management will share the company’s earnings growth opportunities with investors and analysts at the annual Edison Electric Institute Financial Conference that begins Nov. 12 in Phoenix, Arizona.
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