AEP Doubles Renewable-Energy Goal To 2,000 Megawatts
April 28 2009 - 10:55AM
Dow Jones News
American Electric Power Co. (AEP) said Tuesday it's doubling a
renewable-energy goal, planning to add 2,000 megawatts instead of
1,000 megawatts of generation by 2011.
The company said the goal is dependent on regulatory support,
since American Electric operates as a traditional utility, not a
competitive power producer. The Columbus, Ohio, utility has added
900 megawatts of wind capacity since 2007 and plans under its new
goal to have a total of 2,600 megawatts of renewable generation by
2011.
American Electric provides power to more than five million
customers in 11 states and is one of the nation's biggest
electricity generators, including a large fleet of coal-fired power
plants.
-By Mark Peters, Dow Jones Newswires; 201-938-4604;
mark.peters@dowjones.com