Shenandoah Valley Electric Cooperative Mission Statement
"We Exist to Serve Our Member-Owners."
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 member-owners’ needs and work to exceed their expectations, pursuing opportunities that will benefit them.
About Shenandoah Valley Electric Cooperative
Chartered in 1936, SVEC maintains over 7,600 miles of electric lines and serves more than 90,000 member-owners' accounts in the counties of Augusta, Clarke, Frederick, Highland, Page, Rockingham, Shenandoah and Warren in Virginia. Shenandoah Valley Electric Cooperative was the first electric cooperative chartered in Virginia.
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-owner has one vote and all member-owners have the opportunity to attend the Annual Meeting, held in June. At the Annual Meeting, member-owners 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-owner's share of the profits, or margin. Member-owners receive a patronage refund of this Equity Capital over a period of time based on the policy of the Cooperative.