Universal Energy's implementation and growth is managed by the Public Interest Company

The Public Interest Company (PIC) is a new type of corporate entity that is a mixture of private business, government agency, the non-profit sector and the electorate as a whole. In function, this entity would transparently solicit public bids from private companies to engineer, construct and implement the systems comprising the Universal Energy framework. Once implemented, the PIC would manage the operation of these systems over the long term.

In the past, our government has jumped into bed with various private businesses to create conglomerated, state-owned entities, and in many cases, the results were monstrosities. The reason this model fails on execution is because it's run in the same capacity as a bureaucracy: seeking not to rock the political boat, resisting accountability and efforts to self-reflect, self-reform and self-advance.

Structure


Structure

To maximize efficiency, a PIC is structured like a corporation, with an executive leadership and board, offering services for a profit. However, unlike a corporation that seeks to profit as greatly as possible, a PIC profits only as much as it needs to in order to invest money back into itself to expand and improve the quality of offered services.

Like a bureaucracy, a PIC provides a public service for the public interest and is (initially) funded by public funds, but unlike a bureaucracy or public-private hybrid, a PIC isn’t owned by the government. Rather, it’s owned by the public, collectively, and remains directly accountable therein. All shareholders have equal voice, and each U.S. citizen, upon reaching voting age, is given a single share of the company and is paid dividends from the company in the event of financial surpluses.

The PIC will be run by a board of directors that serve eight-year terms and are appointed by the Secretary of Citizen Advocacy, an elected position within our Government 2.0 model for public service. These board members, in turn, would appoint a CEO of the company to manage it in the same capacity as a corporation today. The CEO would remain accountable to the elected board, which could also vote to issue bonds to raise money for future initiatives, or in the case of revenue surpluses issue dividends to shareholders. All votes and meeting minutes are transparent by design and made public.

Operation


Operation

In operation, the PIC would be funded by congressional appropriation each fiscal year for a defined time period (10 years) and would manage the implementation of Universal Energy’s primary resource production systems by soliciting bids from private companies through a process that is public and transparent by force of law.

Upon selecting a bid, the PIC pays the company to develop, deliver and implement the systems that provide the Universal Energy framework. It’s no different than how the government buys a fighter jet, except this expenditure now instead goes to systems of higher social value. And once the system was owned by the PIC, it would be implemented as determined by a nationwide implementation plan it would publicly issue every year.

This process would work in one of three ways:

  1. Purchase existing systems; system developer retains ownership of intellectual property.
  2. Contracted systems engineering; PIC retains ownership of intellectual property.
  3. Intellectual property and asset purchase.

Depending on which case applies, the PIC would manage any delivered systems to provide energy and resources to society at low cost.

Universal Energy is a flexible system that be deployed to any size or scale we wish. For more information on its estimated cost, please click Learn More below.

Funding


Funding

Universal Energy would be funded by one of three sources:

Congressional appropriation. In the Alliance Party’s proposed long-term budget model, this allocation is approximately $650 billion for 10 years. After that, the PIC would be self-funded through either direct energy sales or international sales of equipment.

Direct energy sales. The target price of Universal Energy is 2 cents per kWh – roughly 85% less than the cost of electricity today. Assuming energy consumption increases 50% to 6.5 trillion kWh annually, this will generate an annual revenue of $130 billion to the PIC.

International sales. The PIC, through coordination with the State Department, would sell energy technologies to foreign governments at a significantly increased profit, generating significant additional revenue.

Profit Sharing


Profit Sharing

Once the PIC becomes self-sustaining, it would immediately divert profits into an interest-generating surplus fund to cover any future cost overruns. With this fund in place, it would continue to re-invest profits over time into energy producing infrastructure, either to expand the scale of implementation or maintain systems that have already been deployed. Once profits reach a point where there are continual budget surpluses, these surpluses would be evenly divided and issued as dividends to all company shareholders (every American citizen of voting age).

Something as essential as the provision of critical resources shouldn’t be subjected to a monopoly that benefits few at the expense of many. Without public ownership and a structure that self-invests profits, Universal Energy would just become an extension of the current energy industry, whose foremost goal is to maximize private profit. The PIC self-invests profits by design, and there are only three ways they can be spent:

  1. Internal growth
  2. Reducing prices of the services it provides
  3. Issuing dividends to company shareholders (the public)

All three options are transparently voted upon and decided by the PIC's board.

This ensures the resources that make American society possible are kept in the hands of the people. And it would also rekindle a relationship between the American people and the services that make our society possible, presenting additional social benefits towards a more secure American future.