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

Hybrid Energy Innovations 2015
Latest Top Stories

Global Smart Grid Tech Revenue Slated For Solid Growth

According to a report from Navigant Research, annual revenue for smart grid technologies will reach over $70 billion within the next 10 years.


Utilities Partner With Energy Storage To Harness Renewables

As utilities struggle to incorporate the increased use of intermittent renewable energy resources, such as solar and wind power, onto the grid, the power providers are looking to energy storage.


Smart Meter Fire Probe Points To Sensus Design 'Shortcomings'

There has been more fallout in Saskatchewan: An investigation into SaskPower's halted smart meter program says Sensus Generation 3.3 units "have a tendency to leak" and the utility mishandled the rollout.


Two Years After Superstorm Sandy, Utilities Highlight Grid Efforts

As the U.S. reflects on the monster hurricane that struck in October 2012, utilities note what they have done to help protect against future severe weather.


USDA Invests $1.4 Billion To Boost Rural Grids Around The Country

The U.S. Department of Agriculture (USDA) has announced more loan guarantees for rural power companies and renewable energy firms in 21 states.

S&C Electric_id176
edf_id180