American Electric Power Co. (AEP, Columbus, OH) reported 2003 earnings of $110 million, or $0.29 per share, compared with a loss of $519 million, or $1.57 per share, in 2002. Fourth-quarter earnings were a loss of $762 million, or $1.93 per share, for 2003 compared with a loss of $837 million, or $2.47 per share, in 2002.
Ongoing earnings for 2003 increased to $975 million from $948 million in 2002, but ongoing earnings per share decreased to $2.53 from $2.88 because of the $0.41 dilutive effect of additional shares outstanding in 2003.
