Get to know Chariton Valley Electric Cooperative, Inc.
Monday, February 01, 2016
Chariton Valley Electric Cooperative, Inc., is located in Albia, Iowa. Its mission is to provide high quality, affordable, safe and reliable electricity to its service area, which includes 6,000 homes and businesses in Albia and portions of seven Iowa counties, including Appanoose, Davis, Lucas, Marion, Monroe, Wapello, and Wayne. The company owns and maintains over 1,300 miles of overhead and underground electric distributions lines.
Chariton Valley Electric was formed in 1945, arising out of the Rural Electrification Administration (REA) of the 1930s. The REA wanted to bring electricity to rural areas through low-interest loans. Farmers banded together to build cooperatives such as Chariton Valley Electric in order to take advantage of these loans and bring electric service to their farms.
Because Chariton Valley Electric is a cooperative, it is owned by its members and confers various member benefits through membership: http://www.cvrec.com/docs/CooperativeBenefits.pdf.
Chariton Valley Electric Cooperative, Inc. is a member of the Appanoose Economic Development Corporation at the level of Industry Leader.
To find out more about the company, go to http://www.cvrec.com/about.html.