Genie Energy Ltd. is consisted of IDT Energy, a retail energy provider, and Genie Oil and Gas (GOGAS), which develops the Company's unconventional energy initiatives, including oil shale development projects in Colorado and Israel. IDT Energy is a retail energy provider supplying electricity and natural gas to residential and small business customers in New York, Pennsylvania and New Jersey. Genie Oil and Gas (GOGAS) produces clean transportation fuels from the unconventional fuel resources, which include oil shale initiatives in Colorado and Israel. On October 28, 2011, the Company spun-from IDT Corporation.