Shenandoah Valley Electric Cooperative 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 them.
About Shenandoah Valley Electric Cooperative
Chartered in 1936, SVEC maintains nearly 8,000 miles of electric lines and serves over 97,000 meters in the counties of Augusta, Clarke, Frederick, Highland, Page, Rockingham, Shenandoah and Warren in Virginia, and the city of Winchester. 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.
Members 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 participate in the annual meeting. At the annual meeting, members elect directors and vote on any proposed bylaw changes.
All profits, or margins, are allocated back to the members 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.
Protecting Your Privacy
Shenandoah Valley Electric Cooperative is a Touchstone Energy Cooperative, which represents a nationwide alliance made of more than 680 local, consumer-owned electric cooperatives in 46 states. Touchstone Energy is an alliance of consumer-owned electric cooperatives that are dedicated to providing consumers with reliable, high-quality service at competitive prices.
Electric cooperatives were established to provide electricity to rural America, and now make up the largest electric utility network in the nation. Touchstone Energy is the national brand identity for that network.
Touchstone Energy offers a variety of resources to help cooperative members become more energy efficient and aware of their energy use.
All Cooperatives Function with these Seven Guiding Principles:
1. Voluntary and Open Membership:
Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership.
2. Democratic Member Control:
Cooperatives are democratic organizations controlled by their members, who actively participate in setting policies and making decisions.
3. Members’ Economic Participation:
Members contribute equitable to, and democratically control, the capital of their cooperative.
4. Autonomy and Independence:
Cooperatives are autonomous, self-help organizations controlled by their members.
5. Education, Training, and Information:
Cooperatives provide education and training for their members, elected representatives, managers and employees so they can contribute effectively to the development of their cooperatives.
6. Cooperation Among Cooperatives:
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together.
7. Concern for Community:
While focusing on member needs, cooperatives work for the sustainable development of their communities.