Company Profile
Northern Virginia Electric Cooperative (NOVEC)
Company Overview
NOVEC (Northern Virginia Electric Cooperative) is one of the largest cooperatives in the U.S. serving approximately 180,000 customers with a system demand of approximately 1,800 MWs and annual revenues of $1Bn. The electric delivery system consists of 68 substations supplied at either 230kV or 115kV ranging in size between 40MVA and 600MVA. The electric delivery system also includes approximately 7,700 miles of overhead and underground distribution lines and approximately 300 miles of fiber optic lines and equipment across a service territory spanning 6 counties or 650-square miles in Northern Virginia. The majority of NOVEC's customers are residential and small commercial, however the Cooperative provides electric service to numerous data center customers as well. NOVEC's mission is to create value for its members, employees, and communities by providing safe, reliable electricity and quality products at competitive prices.
Company History
Tri-County Electric Cooperative was formed in 1939 to provide electricity in rural areas of Loudoun, Fairfax and Clarke counties. Prince William Electric Cooperative first served customers in Manassas and rural areas in Prince William, Fairfax, Fauquier, Loudoun and Stafford counties in 1941. On January 1, 1983, the two consolidated and became Northern Virginia Electric Cooperative. Prior to Tri-County and Prince William electric cooperatives, most Northern Virginians who did not live in cities or towns had to live and work without electricity, because delivering power to remote farming regions reduced investor-owned utilities’ profit margins. Consequently, rural America lagged behind thriving Industrial Revolution cities.
That economic dichotomy changed during the Great Depression when President Franklin D. Roosevelt asked Congress in 1935 to pass legislation to help electrify more than five million farms. With funding from the newly established Rural Electrification Administration, farmers formed co-ops to obtain “the electric.” Jubilant celebrations occurred across the country when the new co-ops—including Tri-County and Prince William—flipped the switch to power rural America for the first time.
Benefits
Employee Assistance Program
Community and charitable events
On-site work out facility or equipment
10 Paid Holidays
On-site Wellness Center
Annual Company Picnic
Winter Party
Credit Union Membership
Educational Assistance Program
Flexible Spending Accounts