AEP carbon reduction plan calls for more than 8 GW of renewables
AEP's plans run the gamut, including investments in carbon-free generation, transmission, storage and efficiency. The company will spend billions to further reduce its reliance on fossil fuels, a strategy it has been executing for more than a decade.
Since 2005, AEP’s generation capacity has gone from 70% to 47% coal-fired, while gas capacity increased from 19% to 27% and renewable capacity moved from 4% to 13%. AEP said carbon regulations have factored into its decisions, and the company has already cut its carbon dioxide emissions by 44% since 2000.
AEP Chairman Nicholas Akins said in a statement that "this transition to a more balanced resource portfolio will help mitigate risk for our customers and ... Read the rest of this story on UtilityDive.com HERE