Citizens Energy joins Vermont Green Line project to aid low-income households
A new agreement between the Vermont Green Line and Citizens Energy Corporation announced on Thursday will provide service improvements to low-income residents of Vermont.
“We are thrilled about this collaboration with Citizens,” Ed Krapels, CEO of Anbaric, the lead developer of the Vermont Green Line, said. “It builds on the significant benefits the Vermont Green Line will bring to the state, including economic development, community investment, and lower market energy prices.”
Citizens Energy will join National Grid in becoming an owner of the Vermont Green Line, financing its share of the line and investing profits back into state communities while seeking ways to cut energy costs for low-income residents.
“Citizens Energy is excited to be a part of this effort to bring carbon-free, clean energy to the region – while continuing our corporate mission to use profits from successful ventures to assist those in need,” Citizens Energy Chairman and President Joseph P. Kennedy II said. “This project shows how building green transmission lines can benefit ratepayers and the environment while helping the most vulnerable families in our midst. We look forward to working with National Grid, Anbaric, and our friends in Vermont to deliver affordable clean energy through the Vermont Green Line.”
