Company Directory - Central Virginia Electric Cooperative
Company Details - Central Virginia Electric Cooperative
Central Virginia Electric Cooperative
WebsiteCentral Virginia Electric Cooperative (CVEC) is a utility cooperative that provides electricity and high-speed internet services through its Firefly Fiber Broadband division in Central Virginia. The cooperative is dedicated to delivering reliable energy and fostering community connections.
CCI Score
CCI Score: Central Virginia Electric Cooperative
43.49
-0.03%
Latest Event
CVEC Secures $70M USDA Loan for Infrastructure Development
Central Virginia Electric Cooperative has received $70 million in loan funds from the USDA to expand connectivity, invest in smart grid technologies, and improve nearly 527 miles of power line infrastructure serving rural communities.
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DISSENTER
Central Virginia Electric Cooperative is currently rated as a Dissenter.
Latest Events
- JAN082025
Central Virginia Electric Cooperative has received $70 million in loan funds from the USDA to expand connectivity, invest in smart grid technologies, and improve nearly 527 miles of power line infrastructure serving rural communities.
+70
Economic and Structural Influence
April 5
The USDA loan funding supports significant infrastructure improvements that will enhance utility reliability and promote sustainable, community-focused development in rural areas. This investment aligns with progressive values by bolstering economic resilience and expanding access to modern energy services.
+50
Technology and Services Impact
April 5
The allocation of more than half of the funds to smart grid technologies underscores the cooperative's commitment to modernizing its service infrastructure. This investment not only enhances efficiency but also supports a sustainable energy future that benefits the wider community.
- OCT022024
Central Virginia Electric Cooperative, through its subsidiary Firefly Fiber Broadband, is leasing a fiber-optic network to Rappahannock Electric Cooperative to deliver high-speed broadband across five counties in Virginia. Nearly 6,000 homes have been connected so far, reflecting a strong cooperative commitment to expanding digital access in underserved communities.
+50
Business Practices and Ethical Responsibility
April 5
The partnership emphasizes strong ethical business practices by enhancing broadband access in underserved areas, embodying cooperative principles and community social responsibility.
Broadband Partnership Sets ‘Sterling Example’ of Sixth Co-op Principle
+40
Technology and Services Impact
April 5
The deployment of fiber-optic broadband significantly bolsters technological infrastructure in rural regions, advancing access to information and reducing digital divides which is crucial for community empowerment.
Broadband Partnership Sets ‘Sterling Example’ of Sixth Co-op Principle
+20
Economic and Structural Influence
April 5
Enhanced broadband infrastructure can stimulate local economic development, improve connectivity for small businesses, and foster greater community resilience against economic disparities.
Broadband Partnership Sets ‘Sterling Example’ of Sixth Co-op Principle
- AUG072024
Central Virginia Electric Cooperative’s subsidiary, Firefly Broadband, was awarded a $12.2 million Virginia Telecommunication Initiative (VATI) grant to expand affordable, high-speed broadband across rural Virginia, enhancing digital access and community connectivity.
+80
Technology and Services Impact
April 5
The grant will significantly boost the availability of high-speed broadband in underserved rural regions, empowering communities through digital inclusion and technological advancement. This expansion supports democratic participation and counters the digital divide that can reinforce authoritarian control.
CVEC’s Firefly Nabs $12.2 Million Of $41 Million In New Virginia Broadband Grants
+60
Economic and Structural Influence
April 5
By effectively utilizing state and federal funds to scale up rural broadband infrastructure, CVEC demonstrates a commitment to improving structural community services. This initiative supports economic and social resilience through improved connectivity, countering monopolistic tendencies of major telecom players.
CVEC’s Firefly Nabs $12.2 Million Of $41 Million In New Virginia Broadband Grants
- AUG232023
Central Virginia Electric Cooperative's subsidiary, Firefly Fiber Broadband, has expanded its fiber network with help from the USDA Rural Development ReConnect Program, providing transformative broadband access to rural communities in nine Virginia counties.
+60
Business Practices and Ethical Responsibility
April 5
The expansion of broadband services through Firefly Fiber Broadband demonstrates a strong commitment to community welfare and ethical business practices, as it leverages USDA Rural Development funding to deliver essential connectivity in underserved rural areas.
+60
Technology and Services Impact
April 5
By implementing an extensive fiber network that reaches remote areas, the company significantly enhances technological access, improving digital inclusion and support for vital services such as education, healthcare, and emergency response.
+20
Economic and Structural Influence
April 5
The broadband expansion supports economic sustainability by improving connectivity for businesses, schools, healthcare, and emergency services in rural areas, fostering greater economic resilience.
- JUN282021
Central Virginia Electric Cooperative's subsidiary, Firefly Fiber Broadband, has entered into a multi-party partnership with Dominion Energy Virginia, Rappahannock Electric Cooperative, and several counties to deploy fiber broadband services to over 25,000 underserved Virginians. This collaboration aims to boost digital inclusion and support rural economic development.
+30
Public and Political Behavior
April 5
The cooperative is engaging in a collaborative public-private initiative with local counties to improve broadband access—an action that supports democratic participation and community empowerment through enhanced connectivity. Such public and political engagement, particularly when aiming to serve marginalized or underserved communities, is a positive move from an anti-authoritarian perspective.
Energy provider/county partnership targets central Virginia broadband services
+50
Technology and Services Impact
April 5
By leveraging advanced fiber technology to expand broadband access in underserved territories, the cooperative is actively enhancing digital inclusion and technological infrastructure. This commitment to equitable technology deployment underscores a progressive business practice that benefits community welfare.
Energy provider/county partnership targets central Virginia broadband services
- APR072020
Central Virginia Electric Cooperative, along with its subsidiary Firefly Fiber Broadband, was awarded $28 million from the USDA ReConnect Program. The funds will be used to build fiber-optic infrastructure to connect 11 of its substations, expanding high-speed broadband access for its 37,000 members in Central Virginia.
+60
Technology and Services Impact
April 5
The USDA ReConnect award directly supports expanding fiber broadband infrastructure. This investment in technology enhances digital inclusion and provides underserved communities with reliable high-speed internet, reinforcing progressive community development and equitable access to technology.
+50
Economic and Structural Influence
April 5
The grant represents a substantial economic investment aimed at modernizing local infrastructure and stimulating economic development in rural areas. This structural improvement not only boosts connectivity but also supports community resilience and local empowerment, aligning with anti-fascist and progressive values.
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