Citizens Energy Corporation
Citizens Energy Corporation, under the leadership of former Congressman Joseph P. Kennedy II, has developed a unique model to reduce electricity bills for low-income households to a cost of 2 cents per kilowatt-hour, using profits from a commercial transmission line. The model includes a partnership with the local utility to integrate more renewables into the grid while cutting down on fossil-fuel emissions and help those that are less fortunate.
In Imperial County in California, Citizens Energy Corporation uses the profits from their ownership of the Sunrise PowerLink, a high voltage green energy line, to bring down the cost of energy for low income families. Two unique features of this project include using profits earned from a transmission line to buy renewable energy for the poor, and the local utility’s willingness to virtually net-meter the power, at cost, to their low-income ratepayers.
Peter Smith (Chief Executive Officer Citizens Energy Corporation)