Columbus, Ohio-based American Electric Power (AEP) is doubling its goal of adding 1,000 MW of renewable energy to 2,000 MW by the end of 2011.
The goal is one of 12 new targets announced in the company's third annual corporate sustainability report. If the goal is reached, the company's renewable energy portfolio will be more than 2,600 MW by the end of 2011.
AEP has added 903 MW of wind generation since 2007, when the company committed to its original goal of adding 1,000 MW.
‘Continuing to diversify our fuel mix with more renewable resources will allow us to meet our customers' energy needs and reduce our carbon footprint,’ says Michael G. Morris, AEP chairman, president and CEO.
AEP's sustainability report was prepared according to principles established by the Global Reporting Initiative (GRI), a voluntary framework used by organizations worldwide to measure and report their economic, environmental and social performance. It also was reviewed by GRI to ensure AEP reported on all core performance indicators.
The report details AEP's support of a federal energy policy and an economy-wide cap-and-trade program that will reduce greenhouse gas emissions, keep the cost of electricity reasonable for customers and foster international participation to address climate change.
For more information, visit aep.com.
SOURCE: American Electric Power