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Vermont Electric Cooperative company history timeline

1938

Organized in 1938, the Swingbillies entertained thousands of people and performed over Mt.

1939

On July 28, 1939, a group of 30 neighbors met at the then Maple Corner Grange and created the Washington Electric Co-op.

On the day that Franklin Wood (engineer in the REA Research Division) visited the Washington Electric Co-op office and made recommendations for the diesel plant, he was mentioned in the Burlington Free Press on October 26, 1939.

From the December 15, 1939 Montpelier Evening Argus – “Boilin’ Down” by Val Bowman, city editor

The loans all bear interest at the rate which the United States Government paid on its long-term obligations issued during fiscal 1939 – 2.69 percent.

1940

From the January 29, 1940 Brattleboro Reformer and reprinted in the Montpelier Evening Argus

1941

December 2, 1941 Winter Says REA Seeks Socialism – Tells House Agency Has Hoard of Copper in Texas to Aid Its Utility `Program’ – PLOT BY `REDS’ IS CHARGED – Communists and Sympathizers, He Says, Are Scheming to Control Our Economics

1943

In 1943, Washington Electric acquired the L.E. Johnson Electric System in West Danville, including Joe’s Pond as well as the Waits River Electric Corporation.

1946

In 1946, REA allocated loan funds to Washington Electric Cooperative for the purchase of a power site at the Wrightsville Dam on the North Branch of the Winooski River (Barre Daily Times, September 23, 1946)

1949

In 1949, Washington Electric Co-op raised rates for the first time, nearly 10%. In the Vermont legislature, a proposal by Rep.

1950

The co-op occupied a newly constructed office by the end of 1950.

1957

In April 1957, the Vermont legislature passed S.72 allowing the Public Service Company to contract to bring St Lawrence Power to Vermont.

1958

The initial 224-mile 115 kV VELCO system was placed in service in September 1958.

One of the more important business items taken up at the 1958 Annual Meeting was the adoption of the Cooperative’s bylaws.

1960

In January 1960, the Co-op was involved in a Community Development Program.

Sandra Robertson of Moretown was the winner and she will represent the co-op at the NRECA annual meeting in February 1960.

In May 1960, there was a ground breaking for the new addition to the office building in East Montpelier.

1963

In 1963, the Co-op continued to work with R.E.A. to develop a program of Rural Area Development in several areas of the co-op’s system.

1969

In 1969, Washington Electric Co-op recognized the Adamant Music School located in the co-op region as a 26 year old entity.A sales tax of 3.0% was imposed on all expenses (even power). Later power was deducted from the assessment.

1970

On June 8, 1970, the Co-op purchased 2,431 shares of stock in the Vermont Yankee Nuclear Power Plant.

In 1970, Vermont Electric Cooperative acquired the International Electric Company serving Derby Line.

1972

Fire destroyed our garage across from the co-op office on April 8, 1972.

1977

Also in 1977, an offer was made by Green Mountain Power Corporation to purchase, contract with or lease the Cooperative.

1981

In June,1981 Washington Electric Co-op (WEC) filed an 11.47% increase in rates and the Board voted to select part ownership of Seabrook and Millstone commitments with REA funding.

1982

Construction began in the spring of 1982.

1986

At issue was the treatment of MMWEC (Seabrook) interest payments due to begin in January 1986.

1987

On Sunday, October 4, 1987, a snowstorm struck Vermont causing severe damage to Co-op lines.

1988

The Vermont Supreme Court on September 27, 1988 declared the Seabrook contract illegal, which could save the Co-op $43 million.

The co-op will be assessed at the rate of $91,000 per month beginning in 1988.

In 1988, VEPPSA and eight other utilities joined signing a $ 5.5 billion power contract with Hydro Quebec.

1992

In 1992, the Co-op dismantled the four-bay garage attached to its main office building, and constructed a new addition to the building consisting of office space and handicap ramp.

In 1992, Co-op trustees voted to accept the Co-op attorney’s opinion on Hydro Quebec, that the vote of the Board and members was valid.

1995

In 1995, the Co-op won its lawsuit against the Massachusetts Municipal Wholesale Electric Corporation, and money previously paid under the Seabrook nuclear power contract ($924,000) was refunded.

1997

In 1997, a survey of members found the majority of members were satisfied with service from their Co-op.

1998

In 1998, a big ice storm in January caused extensive damage and an outage of 2 to 4 days duration.

2002

January 15, 2002, Manager Patt signed the back of some stock certificates, concluding the sale of WEC’s ownership interest in the Vermont Yankee Nuclear Power Corporation back to that company.

2004

Membership approved landfill methane project on June 29, 2004 on a 1,633 to 86 vote.

VEC more than doubled its membership in 2004 with the acquisition of Citizens Communications Company’s Vermont Electric Division.

2005

The Coventry plant began full time generation on July 1, 2005 which made 40% of WEC power mix generated from methane.

Hundreds of people attended an open house at WEC’s new $8 million, 4.8-megawatt landfill gas-to electric generating station on September 17, 2005, in Coventry, Vermont.

2006

At the May 23, 2006, annual meeting WEC’s membership gave permission to construct a new $849,000 substation in Maple Corner on a vote of 1,046 – 53.

In 2006, VELCO and Vermont’s electric distribution companies formed Vermont Transco LLC, a limited liability corporation.

In 2006, Vermont Electric Cooperative sold its Southern District in Windham and Windsor counties to Central Vermont Public Service (CVPS), reducing its membership by 2,770.

2007

The new engine was put into operation Friday, January 12, 2007, with generation capacity now expanded from 4.8 MW to 6.4 MW.

2011

An increase of 23.81 percent was requested, however, WEC and the DPS agreed to a 19.44% increase with new rates effective January 2011.

2011: First commercial wind to directly connect to transmission system

2012

WEC highlighted local cooperatives in each 2012 issue of the Co-op Currents.

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Founded
1938
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Headquarters
Johnson, VT
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Vermont Electric Cooperative competitors

Company nameFounded dateRevenueEmployee sizeJob openings
Central Electric Power Cooperative1948$1.2B1105
Pedernales Electric Cooperative1938$540.0M70052
Madison Gas and Electric1855$676.9M7312
Kansas Electric Power Cooperative Inc.1975$161.8M242
Iowa Lakes Electric Cooperative1986$70.7M62-
Kandiyohi Power Cooperative1935$50.0M31-
East River Electric Power Cooperative1949$272.1M1198
Chariton Valley Electric Cooperative1945$11.4M23-
A&N Electric Cooperative1940$77.2M175-
Fall River Rural Electric Cooperative Inc1938$50.0M1251

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Vermont Electric Cooperative may also be known as or be related to VERMONT ELECTRIC COOPERATIVE INC, Vermont Electric Cooperative, Vermont Electric Cooperative Inc, Vermont Electric Cooperative, and Vermont Electric Cooperative, Inc.