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In its recently released 2013 Corporate Accountability Report, American Electric Power (AEP) has unveiled plans to rely less on coal-fired generation and retire 5 GW to 6 GW of coal power by the end of 2016.

AEP expects coal to compose about 46% of the company's fuel mix in 2020, down from 60% today, with natural gas expected to jump to 33% from 23% over the next seven years. The remainder of the company's fuel needs will be filled through renewable energy, energy efficiency initiatives and nuclear power.

The report also highlights AEP's recent energy efficiency efforts. From 2008 through 2012, AEP achieved 3,016,400 MWh of energy reduction and 1.01 GW of demand reduction. Throughout this period, AEP says its operating companies invested more than $368 million in energy efficiency and demand response initiatives.



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