Community Electric Cooperative Revenue and Competitors

Founded in 1938, Community Electric Cooperative was created through the efforts of the Holland Ruritan Club and other community leaders to provide electrical service in Southeastern Virginia’s rural areas. In 1971, the Cooperative passed 1,000,000 man-hours without a lost-time accident. The record represented one of the best in the nation at the time. By January of 1975, Community Electric Cooperative had installed some 5,875 meters and 1,111 miles of line. James M. Reynolds was hired in 1977 by the Co-op board of directors to succeed Jean Woodward as manager. Reynolds served until his retirement in April 2013. Only the third CEO in its history, Steven A. Harmon took the helm in June 2013. In 1979, Community Electric Cooperative executed a wholesale power contract with Old Dominion Electric Cooperative, a generation-and-transmission cooperative. Initially, Old Dominion negotiated rates on behalf of Community Electric Cooperative and its other member systems. During the 1980s and 1990s, Old Dominion procured ownership of electric-generation facilities to support Community Electric Cooperative and the 11 other cooperatives which own Old Dominion. In 1983, Old Dominion acquired an 11.6 percent interest in the North Anna Nuclear Power Station. Old Dominion also owns a 50 percent interest in the Clover Power Station, which it built, and which went on-line in 1995. In addition to North Anna and Clover, Old Dominion has developed three peaking electric generation facilities to further support Community and the other 11 member cooperatives. Over the last 15 years, the Co-op has recorded a growth rate of roughly 1.5 percent per year in the number of meters connected. The Cooperative currently serves more than 11,000 accounts over its 1,590 miles of distribution line.