VALLEY ELECTRIC ASSOCIATION

Valley Electric Association, Inc. (VEA) is a member-owned electric cooperative headquartered in Pahrump, Nevada. While VEA started as a small, rural electric cooperative in 1965, the organization now provides service to more than 45,000 people within a vast 6,800-square-mile service area located primarily along the California-Nevada border, with the majority in Nevada. VEA’s service area starts in Sandy Valley, southwest of Las Vegas, and extends north for more than 250 miles to Fish Lake Vall... ey and beyond. VEA’s residential members are the co-op’s largest single consumer group. More recently, VEA’s member base has grown to include high-profile federal government facilities in Nevada, including the Nevada National Security Site and Creech Air Force Base. Planning for increased load demand and accommodating member growth are among the challenges VEA faces as it looks to the future. VEA does not generate the electrical energy it supplies to members and buys most of its power on the open market. The cooperative strives to find the lowest cost wholesale power available to minimize rate increases to VEA members. The cooperative’s members have experienced long-term rate stability as a result of VEA’s efforts to secure new power purchase agreements and acquire valuable new sources of revenue. Throughout the cooperative’s rich history, VEA has been led by its democratically elected Board of Directors, providing member-owners with a voice in all policy decisions made by the cooperative. Board members have been an essential part of VEA’s continued growth and community contributions. In 2015, VEA celebrated 50 years of member-owned leadership, recognizing the members, board representatives and employees who have contributed to the cooperative’s success during the past half-century.More