COLUMBUS, Ohio, Nov. 1 /PRNewswire-FirstCall/ -- American Electric Power has set its ongoing earnings guidance range and capital expenditures budget for 2010. AEP will also form a transmission company as part of its strategy to pursue transmission investment opportunities in AEP's traditional footprint.
AEP management will be discussing the company's financial outlook and strategic direction during meetings with investors at the annual Edison Electric Institute Financial Conference that begins today in Hollywood, Fla.
AEP anticipates that 2010 ongoing earnings will be between $2.80 and $3.20 per share. Ongoing earnings guidance for 2009, which reflects last week's upside adjustment, remains at $2.90 to $3.05 per share. Ongoing earnings represent earnings from continuing operations, which exclude special or one-time items included in the earnings prepared in accordance with generally accepted accounting principles.
"Our earnings projections for 2010 are driven by new rate recovery activity underway in several jurisdictions across our service territories, an expected increase in off-system sales of electricity as that market improves after a weak year in 2009, and a general increase in retail load," said Michael G. Morris, AEP's chairman, president and chief executive officer.
AEP projects that capital expenditures for utility operations will decrease to $1.993 billion in 2010 from the estimated $2.466 billion in 2009, reflecting AEP's conservative approach for near-term capital expenditures.
AEP will form a transmission company, or Transco, to pursue new transmission opportunities within the company's existing 11-state footprint, a key component in a three-part national transmission strategy. AEP has existing and planned transmission projects in the Electric Reliability Council of Texas (ERCOT) through its Electric Transmission Texas joint venture with MidAmerican Energy Holdings Company. AEP is also pursuing transmission projects outside its footprint and outside ERCOT through joint ventures with numerous other companies, including Electric Transmission America, AEP's broader partnership with MidAmerican.
"The Transco will be our vehicle for much of AEP's future on-system, wholly-owned transmission investment," Morris said. "These investments will include a wide range of on-system transmission improvements, things like greenfield projects, station additions and system upgrades. Pursuing these activities in a Transco, with formula rates adjusted annually by the Federal Energy Regulatory Commission (FERC), benefits customers by enhancing AEP's access to capital. This enables the company to undertake substantial new investment while relieving our operating company balance sheets of the burden of meeting those capital demands, thereby allowing them to put capital to work on distribution and generation needs."
AEP expects to invest $118 million in Transco activities in 2010.
"We are seeking state utility status for the Transco in states where that designation is required, and we will join both PJM and Southwest Power Pool as a transmission owner," Morris said. "We plan to file a FERC tariff for the Transco later this year, with rates effective in mid-2010."
American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states. AEP ranks among the nation's largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation's largest electricity transmission system, a nearly 39,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP's transmission system directly or indirectly serves about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in ERCOT, the transmission system that covers much of Texas. AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP's headquarters are in Columbus, Ohio.
This report made by AEP and its Registrant Subsidiaries contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Although AEP and each of its Registrant Subsidiaries believe that their expectations are based on reasonable assumptions, any such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are: electric load and customer growth; weather conditions, including storms; available sources and costs of, and transportation for, fuels and the creditworthiness and performance of fuel suppliers and transporters; availability of necessary generating capacity and the performance of AEP's generating plants, including AEP's ability to restore Indiana Michigan Power's Donald C. Cook Nuclear Plant Unit 1 in a timely manner; AEP's ability to recover regulatory assets and stranded costs in connection with deregulation; AEP's ability to recover increases in fuel and other energy costs through regulated or competitive electric rates; AEP's ability to build or acquire generating capacity, including the John W. Turk Jr. Plant, and transmission line facilities (including the ability to obtain any necessary regulatory approvals and permits) when needed at acceptable prices and terms and to recover those costs (including the costs of projects that are canceled) through applicable rate cases or competitive rates; new legislation, litigation and government regulation, including requirements for reduced emissions of sulfur, nitrogen, mercury, carbon, soot or particulate matter and other substances that could impact the continued operations of AEP's plants; timing and resolution of pending and future rate cases, negotiations and other regulatory decisions (including rate or other recovery of new investments in generation, distribution and transmission service and environmental compliance); resolution of litigation (including the dispute with Bank of America); AEP's ability to constrain operation and maintenance costs; the economic climate and growth or contraction in AEP's service territory and changes in market demand and demographic patterns; inflationary or deflationary interest rate trends; volatility in the financial markets, particularly developments affecting the availability of capital on reasonable terms and developments impairing AEP's ability to finance new capital projects and refinance existing debt at attractive rates; the availability and cost of funds to finance working capital and capital needs, particularly during periods when the time lag between incurring costs and recovery is long and the costs are material; AEP's ability to develop and execute a strategy based on a view regarding prices of electricity, natural gas and other energy-related commodities; changes in the creditworthiness of the counterparties with whom AEP has contractual arrangements, including participants in the energy trading market; actions of rating agencies, including changes in the ratings of debt; volatility and changes in markets for electricity, natural gas, coal, nuclear fuel and other energy-related commodities; changes in utility regulation, including the implementation of the recently passed utility law in Ohio and the allocation of costs within regional transmission organizations, including PJM and SPP; accounting pronouncements periodically issued by accounting standard-setting bodies; the impact of volatility in the capital markets on the value of the investments held by AEP's pension, other postretirement benefit plans and nuclear decommissioning trust and the impact on future funding requirements; prices and demand for power that AEP generates and sells at wholesale; changes in technology, particularly with respect to new, developing or alternative sources of generation; and other risks and unforeseen events, including wars, the effects of terrorism (including increased security costs), embargoes and other catastrophic events.American Electric Power
CONTACT: Media, Pat D. Hemlepp, Director, Corporate Media Relations,
+1-614-716-1620, or Analysts, Bette Jo Rozsa, Managing Director, Investor
Relations, +1-614-716-2840, both of American Electric Power
Web Site: http://www.aep.com/
LOS ANGELES, Nov. 1 /PRNewswire-FirstCall/ -- Rentrak Corporation , today announced the weekend theatrical box office estimates for the weekend period of October 30 through November 1, 2009 according to the company's Box Office Essentials(TM) theatrical box office data collection and analytical service.
The twelve estimated top producing motion pictures for the weekend, per data collected as of Sunday, November 1, 2009 include:
Rank Title Distributor Weekend Cume Locations Gross 1 Michael Jackson's Sony 21,300,000 32,508,532 3481 This Is It 2 Paranormal Activity Paramount 16,540,000 84,780,045 2404 3 Law Abiding Citizen Overture Films 7,303,000 51,384,650 2764 4 Couples Retreat Universal 6,097,390 86,663,145 3026 5 Saw VI Lionsgate 5,560,000 22,823,955 3036 6 Where The Wild Warner Bros. 5,081,000 61,799,962 3645 Things Are 7 The Stepfather Sony 3,400,000 24,748,009 2346 8 Astro Boy Summit Entertainment 3,035,000 10,890,767 3020 9 Amelia Fox Searchlight 3,000,000 8,305,832 1070 10 Cirque Du Freak: The Universal 2,809,080 10,520,870 2754 Vampire's Assistant 11 Cloudy With A Chance Sony 2,700,000 118,556,602 2322 Of Meatballs 12 Zombieland Sony 2,600,000 71,160,901 2056 Weekend of 10/30/09 to 11/01/09
© Rentrak Corporation 2009 -Content in Rentrak Theatrical box office updates is produced and/or compiled by Rentrak Corporation and its Box Office Essentials® theatrical box office data collection and analytical service, and is covered by provisions of the Copyright Act. The material presented herein is intended to be available for public use. You may reproduce the content of the box office updates in any format or medium without first obtaining permission, subject to the following requirements: (1) the material must be reproduced accurately; and (2) any publication or issuance of any part of the material to others must acknowledge Rentrak Corporation as the source of the material.
About Box Office Essentials
Box Office Essentials provides each studio with password-protected, real-time, web browser-based and 24/7 access to data pertaining specifically to their movie release titles. A sophisticated toolset allows studio distribution executives to view and analyze the information at different levels of detail and across a multitude of attributes (by theatre circuit, DMA, time zone, etc.), enhancing their ability to make faster, and better informed decisions. Additional features include online school calendars (K-12 and college), interactive release schedule and 24-hour subscriber support.
About Rentrak Corporation Rentrak Corporation, based in Portland, Oregon, is an information management company serving clients in the media, entertainment, retail and advertising industries. The company's Entertainment Essentials® suite of services is redefining media measurement in the digital broadband era. Entertainment Essentials provides customers with near-real-time, actionable insight into performance of content distributed over a wide variety of modern media technologies. Available by license or subscription, each Entertainment Essentials application allows executives to analyze detailed industry-wide and title-specific data to make decisions that enhance the bottom line and provide competitive advantage. For further information, please visit Rentrak's corporate website at Rentrak.com.
Contacts: Rogers & Cowan for Rentrak Corporation Sallie Olmsted Amanda Bartz (310) 854-8124 (310) 854-8151 firstname.lastname@example.org email@example.comRentrak Corporation
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Web Site: http://www.rentrak.com/
ATLANTA, Nov. 1 /PRNewswire-FirstCall/ -- Four nominees for the AT&T All-America Player of the Week award have been announced after the ninth week of college football action, and AT&T* is relying on fans to determine who rules the gridiron.
Based on outstanding performances over the weekend, Rutgers University wide receiver Tim Brown, Georgia Tech running back Jonathan Dwyer, University of Houston quarterback Case Keenum and Temple University running back Bernard Pierce have been selected by a panel of analysts from ESPN as this week's top candidates. Fans can text message** VOTE to 345345 on their wireless phone to opt in for the chance to vote.
Brown had five receptions for 162 yards and two touchdowns including the game-winning reception with 22 seconds remaining in the Scarlet Knights' victory over Connecticut. Dwyer had 22 rushes for a career-high 186 yards and three touchdowns in the Yellow Jackets' win over Vanderbilt. Keenum went 44-54 with a career-high 559 passing yards and five touchdowns in the Cougars' victory over Southern Mississippi. Pierce had 29 rushes for 267 yards and two touchdowns in the Owls' win over Navy.
"AT&T is excited to see who the fans will choose this week as the AT&T All-America Player of the Week," said Tim McGhee, executive director, AT&T corporate sponsorships. "Each player had an outstanding game, but the fans will be the ones deciding who is crowned the best."
Fans have until 11:59 p.m. ET on Wednesday to submit their votes. The winner will be announced during Thursday's ESPN College Football Primetime Presented by Applebee's. Standard text messaging rates apply.
There is no limit on fan voting and each vote counts as one entry into a sweepstakes to win a trip to the 2010 Bowl Championship Series National Championship game in Pasadena, Calif. Full sweepstakes rules can be found at http://www.espnallamerica.com/rules.aspx.
In December, four finalists for the AT&T All-America Player of the Year Award will be announced during a one-hour special on ESPN in conjunction with the announcement of the AT&T ESPN All-America Team as selected by the Football Writers Association of America. Fans will then get a chance to say who the best player in the nation is by voting for the AT&T All-America Player of the Year through the BCS. Voting ends at 11:59 p.m. ET on Jan. 5, and the winner will be announced during the BCS National Championship game on ABC on Jan. 7.
Additionally, AT&T customers can view video highlights and photos of each week's candidates and track select teams through AT&T's wireless NCAA Football Portal, which is accessible on AT&T handsets equipped with AT&T MEdia(TM) Net by launching the application and clicking through to the sports category.
Through the AT&T MEdia Net, fans can also download fight song ringtones from more than 150 college and universities. Animated screensavers and 3-D mobile wallpaper are available for more than 100 college and universities.
For more information about AT&T products and services, visit http://www.att.com/.
AT&T CV requires a MEdia Max Unlimited or MEdia Net Unlimited bundle. Details on AT&T's MEdia Net bundles and other offers are available at http://www.att.com/wireless.
AT&T is a proud sponsor of the 2010 BCS National Championship game sweepstakes. For more information regarding rules and entry, please visit: http://www.espnallamerica.com/rules.aspx.
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest 3G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. AT&T offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(SM) and AT&T |DIRECTV(SM) brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T's Yellow Pages and YELLOWPAGES.COM organizations are known for their leadership in directory publishing and advertising sales. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE® magazine's list of the World's Most Admired Companies.
Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at http://www.att.com/rss. Or follow our news on Twitter at @ATTNews. Find us on Facebook at http://www.facebook.com/ATT to discover more about our consumer and wireless services or at http://www.facebook.com/ATTSmallBiz to discover more about our small business services.
© 2009 AT&T Intellectual Property. All rights reserved. 3G service not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
** No purchase necessary. Standard text messaging applies.AT&T Inc.
CONTACT: Serena Thomas, Office: +1-314-982-0554,
firstname.lastname@example.org, for AT&T Inc.
Web Site: http://www.att.com/
SUNNYVALE, Calif., Nov. 1 /PRNewswire-FirstCall/ -- Accuray Incorporated , a global leader in the field of radiosurgery, announced today the introduction of the CyberKnife® VSI(TM) System, the latest addition to the CyberKnife product family. The new CyberKnife VSI, which stands for versatile, simple and intelligent, is designed to broaden physicians' range of options from radiosurgery to also include conventionally fractionated Robotic IMRT. This enables them to customize their care around the unique needs of each patient, thereby expanding the population of patients that can benefit from the System's unparalleled precision.
Over the years the CyberKnife® Robotic Radiosurgery System has established itself as a leader in full body radiosurgery. The CyberKnife VSI System leverages the benefits of radiosurgery -- such as high accuracy and excellent healthy tissue sparing -- and extends them to enable delivery of high-precision radiation therapy. This new CyberKnife capability gives clinicians greater versatility by providing additional options for them to consider when determining the optimal course of treatment for each patient.
CyberKnife VSI System features product enhancements including a world-class 1,000 MU/minute X-band linear accelerator, advanced visualization capabilities, automated segmentation capabilities and logical workflow designed to enhance the physician and patient experience.
With several hundred peer-reviewed publications and a rapidly increasing number of treated patients, the growing community of CyberKnife users are discovering more applications that can benefit from the clinical flexibility and technological edge the CyberKnife System provides.
From a radiosurgical approach to a conventionally fractionated Robotic IMRT(TM) approach, the CyberKnife VSI System provides the clinician the flexibility to choose the best course of care based on individual patient needs. The CyberKnife VSI System supports this full spectrum of fractionation schemes by enabling simple and convenient treatments that can be completed in routine clinical practice. Treatment times are expected to be comparable to IMRT delivered using a conventional linear accelerator.
Managing target motion presents one of the most significant challenges in radiation treatment delivery. Unlike other radiation delivery systems, the CyberKnife System offers motion management capabilities that adapt treatment delivery for target motion in real-time using continual image guidance and robotic mobility.
For the treatment of lung tumors, the CyberKnife VSI System can intelligently track respiratory motion in real-time and automatically adapt to changes in the patient's breathing pattern. For prostate cancer, the CyberKnife VSI System can address the unique challenges of random and excessive target motion by using intelligent and adaptive image guidance. These capabilities ultimately result in minimized dose to surrounding healthy tissue and critical structures, minimizing treatment complications and side effects.
"Our continued goal is to provide clinicians with an adaptive and superior treatment delivery system," said Eric Lindquist, SVP and chief marketing officer at Accuray. "CyberKnife VSI offers clinicians the flexibility to choose the treatment regimen they feel is best suited for their patients and further enhances the business case by expanding the number of patients it can treat."
"There is a tremendous need for the capabilities built into the new CyberKnife VSI," said Dwight Heron, M.D., chairman of the Department of Radiation Oncology at UPMC Shadyside. "Depending on each individual patient's case, we will now be able to better tailor care so that the right amount of radiation is delivered to the right place in the right time frame for each patient, all with the same accuracy for which the CyberKnife is known."
For more information on the CyberKnife VSI System please visit: http://www.accuray.com/products/CyberKnife-VSI-System.
Additionally, a high-resolution image of the CyberKnife VSI System can be downloaded from Accuray's virtual press kit: http://www.accuray.com/media/virtualpresskit.
About the CyberKnife® Robotic Radiosurgery System
The CyberKnife Robotic Radiosurgery System is the world's only robotic radiosurgery system designed to treat tumors anywhere in the body non-invasively. Using continual image guidance technology and computer controlled robotic mobility, the CyberKnife System automatically tracks, detects and corrects for tumor and patient movement in real-time throughout the treatment. This enables the CyberKnife System to deliver high-dose radiation with pinpoint precision, which minimizes damage to surrounding healthy tissue and eliminates the need for invasive head or body stabilization frames.
Accuray Incorporated , based in Sunnyvale, Calif., is a global leader in the field of radiosurgery dedicated to providing an improved quality of life and a non-surgical treatment option for those diagnosed with cancer. Accuray develops and markets the CyberKnife Robotic Radiosurgery System, which extends the benefits of radiosurgery to include extracranial tumors, including those in the spine, lung, prostate, liver and pancreas. To date, the CyberKnife System has been used to treat more than 70,000 patients worldwide and currently 180 Systems have been installed in leading hospitals in the Americas, Europe and Asia. For more information, please visit http://www.accuray.com/.
Safe Harbor Statement
The foregoing may contain certain forward-looking statements that involve risks and uncertainties, including uncertainties associated with the medical device industry. Except for the historical information contained herein, the matters set forth in this press release, including statements relating to commercialization of products, clinical results, and clinical acceptance are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date the statements are made and are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events. You should not put undue reliance on any forward-looking statements. Important factors that could cause actual performance and results to differ materially from the forward-looking statements we make include: market acceptance of products; competing products, the combination of our products with complementary technology; and other risks detailed from time to time under the heading "Risk Factors" in our report on Form 10-K for our 2009 fiscal year and our other filings with the Securities and Exchange Commission. The Company's actual results of operations may differ significantly from those contemplated by such forward-looking statements as a result of these and other factors. We assume no obligation to update forward-looking statements to reflect actual performance or results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws.
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CONTACT: Stephanie Tomei, Senior Manager, Marketing Communications,
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PETACH TIKVA, Israel, Nov. 1 /PRNewswire-FirstCall/ -- 012 Smile.Communications today announced that it will release its third quarter results on Wednesday, November 18, 2009, before the market is opened.
On the same day, Management will host an interactive teleconference to discuss the results at 09:00 a.m. EDT. To participate, please call one of the following access numbers several minutes before the call begins: 1 866 691 3082 (TF) or +1 480 629 9030 (LC) from within the U.S., 1 866 228 9189 (TF) from Canada, 180 921 4368 (TF) from Israel and +1 480 629 9031 from other international locations. The Conference Reference number is 4175651.
The call will also be broadcast live through the company's Website, http://www.012.net/, and will be available there for replay during the next 30 days.
About 012 Smile.Communications
012 Smile.Communications is a leading provider of communication services in Israel, offering a wide range of broadband and traditional voice services. The Company's broadband services include broadband Internet access with a suite of value-added services, specialized data services and server hosting, as well as new innovative services such as local telephony via voice over broadband and a WiFi network of hotspots across Israel. Traditional voice services include outgoing and incoming international telephony, hubbing, roaming and signaling and calling card services. 012 Smile.Communications services residential and business customers, as well as Israeli cellular operators and international communication services providers through its integrated multipurpose network, which allows the Company to provide services to almost all of the homes and businesses in Israel.
012 Smile is a majority owned subsidiary of Internet Gold Golden Lines Ltd. one of Israel's leading communications groups with a major presence across all Internet related sectors. Internet Gold and 012 Smile are part of the Eurocom Communications Group.
Investor relations contacts: Mor Dagan - Investor Relations email@example.com / Tel: +972-3-516-7620 Garth Russell - KCSA Strategic Communications firstname.lastname@example.org / Tel: +1-212-896-1250012 Smile.Communications Ltd
CONTACT: Mor Dagan, Investor Relations +972-3-516-7620, or
email@example.com, Garth Russell of KCSA Strategic Communications,
+1-212-896-1250, or firstname.lastname@example.org, both for 012 Smile.Communications
Web Site: http://www.012.net/