Citizens Energy joins Anbaric and National Grid in Vermont Green Line transmission project
Written By: Stratton Report
August 25, 2016
On August 25, the Vermont Green Line transmission project being developed by Anbaric and National Grid announced a new partnership with Citizens Energy Corporation. Citizens Energy partners with utilities and experienced developers across the country to develop new high-voltage transmission lines.
Per the developers, the Vermont Green Line is designed to bring renewable energy into New England via a proposed 60-mile, 400 megawatt HVDC transmission line linking wind and hydropower resources north and west of Beekmantown, New York, with New Haven, Vermont. The proposed line will be a cable buried along public roadways and submerged beneath the waters of Lake Champlain.
Becoming an owner in the Vermont Green Line alongside National Grid, Citizens Energy will finance its share of the line. Per Citizens, the non-profit will use its profits from the project, in concert with the project partners, to help working families and others in need in Vermont.
Ed Krapels, CEO of Anbaric, the lead developer of Vermont Green Line observed: “We are thrilled about this collaboration with Citizens. 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 Chairman and President Joseph P. Kennedy II remarked:
“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. 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.”
According to the non-profit, Citizens has used profits from its ownership stake in the $1.9 billion Sunrise Powerlink line in California to install photovoltaic solar systems on the rooftops of low-income families in the Imperial Valley, at no cost to homeowners.
Dean Seavers, US President for National Grid commented: “We are grateful to Joe Kennedy and Citizens Energy for their partnership and innovative business model to use their profits to help those in need,” said. “In addition to transitioning the region to a clean energy future, we are proud to give back to the many host communities that have been collaborative throughout the project’s progress.”