American Electric Power Will Invest in Grid Efficiency, Add Renewables

American Electric Power Will Invest in Grid Efficiency, Add Renewables

American Electric Power (AEP) is changing its energy strategy to increase investment in grid efficiency, add renewables, upgrade transmission and distribution, and drastically cut carbon dioxide emissions from its power plants. The Columbus, Ohio-based utility says the move was driven in part by customer demand. … Read more…

Energy-Efficiency Investments ‘Could Save West Virginia $800m’

Energy-Efficiency Investments ‘Could Save West Virginia $800m’

Investing in energy-efficiency projects such as high-efficiency lighting, HVAC, and motors could save FirstEnergy and American Electric Power customers in West Virginia millions of dollars, avoid “unnecessary coal plants” and create 19,500 jobs, according to a report by Optimal Energy, commissioned by the Sierra Club.

The report, titled Save Money, Create Jobs: How Energy Efficiency Can Work for West Virginia, says meeting the total achievable energy-efficiency potential through 2016 could save the state’s two major utility companies’ customers a total of $800 million over the life of the efficiency investments, $550 million more than with the companies’ current plans.

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