in News Departments > New & Noteworthy
print the content item

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.




Hybrid Energy Innovations 2015
Latest Top Stories

Duke Energy Commits $500M To Major Solar Expansion In N.C.

The utility company says the investment will help further diversify its portfolio, as well as increase solar power for its North Carolina customers by 60%.


Sensus Issues Refund To SaskPower After Smart Meter Woes

As SaskPower continues to swap out its Sensus units following several meter failures, the two companies have reached an agreement in order for the utility to recover costs.


The Smart Utility's Guide To Choosing A Smart Meter

Electricity providers across North America are taking on grid modernization. This article outlines the myriad factors a utility should consider in order to select the best-possible smart meter.


DOE Report: U.S. Wind Power Prices Reach All-Time Low

According to the U.S. Department of Energy (DOE), wind power continues to play a larger role in the U.S.' energy mix and is the cheapest it has ever been in the country.


Survey Reveals What U.S. Consumers Expect From Their Utilities

GE's new survey measures Americans' views on the state and future of the grid, as well as how much extra consumers would be willing to pay for better power reliability.

Hybrid Energy Innovations 2015
S&C Electric_id176
edf_id180
Future Energy_id187