Hoag and Edwards Lifesciences Want Study of Community Choice in Irvine

June 29, 2018 – OC Weekly, Matt Coker – Faced with rates 50% above the national average, Irvine businesses see value in having choice and competition in electricity service.

“We are particularly interested in stabilizing or reducing energy costs for businesses and the opportunity for a local community choice program to buy increasing amounts of power from local sources, supporting jobs and local economic development,” says Tom Porter, vice president, Corporate Services with Edwards Lifesciences, in a Climate Action Campaign release. The medical device company, which pioneered artificial heart valves, employs 5,000 in Irvine.

“Hoag … is interested in a study that would provide insight for stabilizing or reducing energy costs” says Sanford Smith, Senior Vice President, Real Estate, Facilities, Construction and Operations, Hoag Memorial Hospital Presbyterian, in the same release, which ends with this from Climate Action Campaign:

“We applaud the leadership of Mayor Don Wagner for seeing the potential in community choice as a business-friendly, fiscally responsible way to speed up the transition to clean energy future and improve the quality of life for all who live and work in Irvine. We encourage other cities to get started with their studies to enjoy the benefits of choice, revenue staying local, and moving from a for-profit to a not-for-profit.”

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