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Your Cooperative
SVEC Mission Statement
"We Exist to Serve Our Members."
We will provide reliable and safe electric service at the
lowest possible cost within our service area, consistent with
sound management and Cooperative principles.
We will continually evaluate our members' needs and work to
exceed their expectations, pursuing opportunities that will
benefit our members.
The Cooperative Advantage
The difference between Shenandoah Valley Electric Cooperative
and other power companies is our ownership. Each person who
receives service from this not-for-profit electric utility is
a member and owner.
Member-owners have a voice in the leadership of the
cooperative and in the direction that those leaders take.
Each member has one vote and all members have the opportunity
to attend the Annual Meeting, held in June. At the Annual
Meeting, members elect directors and vote on any proposed
bylaw changes.
All profits, or margins, are allocated back to the
member-owners based on patronage. "Equity Capital" is a
member's share of the profits, or margin. Members receive a
patronage refund of this Equity Capital over a period of time
based on the policy of the Cooperative.
Facts about Shenandoah Valley Electric Cooperative,
as of 12/31/08:
- 39,102 services in place
- 5,223 miles of electric lines
- $172,582,757 total utility plant
- 840,222,015 kwh sold
- $91,451,187 Annual revenue
- 117 Full-time employees
- System Peak 191.0 - February 2007
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