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Posted May 13, 2009 | Copyright © The Northern Virginia Daily
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SVEC to add to local service area
Shenandoah Valley Electric Cooperative will pick up Page County, Winchester and portions of Warren, Frederick and Highland counties as a result of Allegheny Power’s planned divestiture of its Virginia operations.
If state regulators sign off on the deal, the Mt. Crawford-based cooperative will increase its customer base by approximately 130 percent within the next year from its share of Allegheny subsidiary Potomac Edison’s operations. The remaining portion will be served by Rappahannock Electric Cooperative, based in Fredericksburg.
SVEC’s current territory covers 39,000 customers in Augusta, Rockingham and Shenandoah counties in Virginia, and Hardy County in West Virginia.
“Expanding into the current Potomac Edison service area is a great opportunity,” SVEC President and CEO Myron Rummel said in a statement. “The new area is a natural fit for us. In many cases, we can serve the additional customers with the systems we already have in place, which will ultimately lower the per-customer cost for our members.
“Plus, expanding the not-for-profit cooperative business model means money currently flowing out-of-state to PE’s parent company will remain in Virginia and be returned to all of our existing and new members,” he said.
— Daily Staff Report
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