HTML code can be seen in the communication: email text column in a report.
If the 'Communication: email text' field is used in the report contents of a report, the text is in HTML format, and not in just plain text.
Copy the text from the column, paste it into notepad and save as a HTML. Then open the HTML file and copy out the body of the file to wherever necessary.
This issue has been fixed in 7.2GA which is due for release at the end of 2014