AEP Releases Projected Generating Capacity by Fuel for 2016 & 2026
Our industry is undergoing restructuring of a magnitude that we have not seen in decades, and our business will be affected by these changes. We are repositioning our generation business to create a sustainable fuel mix for the future, in part due to environmental and economic reasons. Our coal-fired capacity is projected to be 51 percent of total capacity by 2016 and 43 percent by 2026. We will rely more on natural gas, renewable energy and energy efficiency, among other resources.
Our earnings strength lies in our regulated operations. A combination of reasonable returns on our rate base and the diversity of our service territory will continue to allow us to optimize the investments we make in our regulated business and provide fair returns to our shareholders.
Read more about AEP, including governance, managing risk and our financial and operational performance at www.aepsustainability.com.
AEP - American Electric Power
AEP ranks among the nation's largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation's largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined.
AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas).
