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Prepare for a trainwreck - Upcoming AEP & Allegheny Earnings Calls

1/27/2011

7 Comments

 
Both power companies have fourth quarter 2010 earnings calls coming up.  A little birdie told me that these earnings calls could prove to be very interesting to the PATH opposition.  Perhaps the investment community is starting to suspect that the PATH project is on its last leg?

If you don't listen to them when they happen (sometimes you can find a link to an audio replay), you'll have to wait for transcripts to be posted on the web at a later date... sometimes it's months later.  So, here's a rundown on what I've been able to run down...

AEP's Earnings Call is scheduled for 9 a.m. on January 28 (that's tomorrow).  See this link to listen live.

Allegheny Energy is being a bit cagier with their information.  The only reference I have been able to find says their earnings call is scheduled for January 31 at 18:00 (6:00 p.m. - what an odd time for an earnings call!)  It's almost like they don't want you to listen in and take notes and hear the questions they will be asked by their investors...

Gosh, I wonder why?
7 Comments
Patience
1/26/2011 11:28:13 pm

Allegheny's earnings call is scheduled for a Friday afternoon after the markets close.

Hmmm. Friday traditionally is the day that companies and governments dump bad news, on the theory that the public is thinking about the weekend and is less likely to notice it. And - in the case of publicly traded companies - to give companies the weekend to try to quietly reassure institutional investors they shouldn't worry.

All I can say is, hey Allegheny - you're gonna have a busy weekend!

Reply
Keryn
1/26/2011 11:46:55 pm

AEP on Friday morning... Allegheny on Monday night, so they'll have all week to wallow in it :-)

Reply
Patience
1/27/2011 01:44:33 am

Damn, I hate it when I misread a calendar!

Perhaps the analysts can plan out their Allegheny questions based on what they hear from AEP - hint, hint.

Reply
Keryn
1/27/2011 01:47:11 am

And I'm always proud when I can correctly remember what day it is today!

Reply
JustMe
1/27/2011 08:19:55 am

Doncha think PATH has figured out that we will be there in SOME way, shape or form? As Michael Jackson said so beautifully, "I'll be theeee-eeeere, IIIIII"lll be thee-eeere...." Don't worry, they will be looking over their shoulder and wondering which of the folks out there has our back. There was a great Hogan's Heroes episode where there was a master of disguise rumored to be attending a ladies' tea party thrown by Klink for officers' wives. What was supposed to be a shmoozing event went awry when Klink spent the time trying to figure out the identity of the female impersonator who infliltrated the tea party. He ended up pulling the wig off a general's wife. Unfortunately, she was very much who she was supposed to be and all the ladies got very mad -- of course permitting the escape of the spy. THAT is how I imagine the earnings calls to play out. Fun, huh? Wonder if they will spend our ratepayer money investigating the attendees?

Reply
Mr Burns
1/27/2011 08:31:19 am

stoppppp making fun of meeeeeeeeeeeeee
stoppppppppppppp pittttttttttttttttt

Smithers! Find the spy!

Reply
ACME
1/27/2011 05:52:12 pm

Reminds me of a classic tale of the roadrunner and Wiley Cyote.Hey PATH the road runner always wins and the Cyote aint always so Wiley. Can you guess who is who in this scenerio? We keep paining the tunnel on the side of the hill and you keep slamming into the hill. We're waiting ...

Reply



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    About the Author

    Keryn Newman blogs here at StopPATH WV about energy issues, transmission policy, misguided regulation, our greedy energy companies and their corporate spin.
    In 2008, AEP & Allegheny Energy's PATH joint venture used their transmission line routing etch-a-sketch to draw a 765kV line across the street from her house. Oooops! And the rest is history.

    About
    StopPATH Blog

    StopPATH Blog began as a forum for information and opinion about the PATH transmission project.  The PATH project was abandoned in 2012, however, this blog was not.

    StopPATH Blog continues to bring you energy policy news and opinion from a consumer's point of view.  If it's sometimes snarky and oftentimes irreverent, just remember that the truth isn't pretty.  People come here because they want the truth, instead of the usual dreadful lies this industry continues to tell itself.  If you keep reading, I'll keep writing.


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