Canadian Valley Electric Cooperative

What Canadian Valley Electric Cooperative does

Canadian Valley Electric Cooperative is a member-owned, nonprofit electric distribution cooperative incorporated on November 10, 1939, under Oklahoma law and the U.S. Rural Electrification Act. Headquartered in Seminole, Oklahoma, the cooperative distributes electricity to more than 27,000 residential, commercial, and industrial meters across approximately 3,500 square miles spanning all or parts of 10 central Oklahoma counties. Its technical platform consists of more than 5,000 miles of overhead and underground distribution lines operating at 25,000 and 12,500 volts, supported by a 138,000-volt transmission system interconnected to the Southwestern Power Pool (SPP) for wholesale power procurement. Power supply is sourced through co-ownership of Western Farmers Electric Cooperative (WFEC), whose diversified generating portfolio includes coal- and natural-gas-fired generators, a 260-megawatt federal hydroelectric allocation from Southwestern Power Administration, and a 70-megawatt wind contract.

The cooperative's product portfolio centers on regulated electric distribution and extends into adjacent services through a wholly-owned subsidiary, CVEC Fiber, LLC, which provides fiber-to-the-home broadband; member-facing digital tools including the MyCVEC mobile app, SmartHub web portal, real-time outage map, and text-based outage reporting; renewable integration via a Solar/Net Metering program; demand-side management through the Beat the Peak voluntary peak-reduction program; and payment flexibility including prepay billing, auto-pay/EFT, and physical kiosks. Revenue is generated primarily through usage-based monthly electricity charges (kWh energy charges plus a flat monthly facilities charge per meter) applied across all member classes, with a new rate structure effective November 2025 that introduced small demand charges for residential and small commercial members while lowering kWh rates 6-7% on a revenue-neutral basis. As a cooperative, margins are allocated back to members as capital credits based on patronage rather than distributed to outside investors, and the cooperative is governed by an eight-member Board of Trustees elected from eight geographic districts; senior leadership includes CEO Gary Highley and COO Josh Holt.

Name

Canadian Valley Electric Cooperative

Legal name

Canadian Valley Electric Cooperative Inc.

Website

https://mycvec.coop

Company type

Private

Founded year

1939

Operating status

Operating

Headcount range

101–250 employees

Short description

Canadian Valley Electric Cooperative is a member-owned, nonprofit electric distribution cooperative serving more than 27,000 residential, commercial, and industrial meters across 10 central Oklahoma counties via 5,000+ miles of distribution lines, with adjacent fiber broadband and digital member services.

Ownership category

akta.pro rank

Product category

Electric Utility Distribution

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Distribution (221122), Solar Electric Power Generation (221114)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)

akta.pro secondary industries

Rural Broadband & Cooperative Fiber Operators (HDAIACAG), Retail & Community PPAs (Community Solar/Shared Renewables) (EUAGADAC), Distributed Generation (DG) Solar & Small Wind (EUAMAJAD)

Keywords

• Electric distribution services
• Member-owned utility cooperative
• High-speed fiber internet
• Renewable energy programs
• Outage response services

Headquarters

HQ city

Seminole

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Others

Revenue model

1. Electric Utility Service: Monthly electricity distribution service to more than 27,000 meters including residential, commercial, and industrial members. Revenue generated through demand charges, energy charges per kWh, and monthly facilities charges.
2. Facilities Charges: Monthly facilities charge applied to every meter on the system regardless of consumption level
3. Capital Credits: As a nonprofit cooperative, margins are returned to members as capital credits based on their patronage of the cooperative's services

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Canadian Valley Electric Cooperative is a member-owned, nonprofit electric distribution cooperative that delivers electricity to residential, commercial, and industrial members across 10 central Oklahoma counties via more than 5,000 miles of distribution line and over 27,000 meters. Through its subsidiary CVEC Fiber, LLC, it also provides fiber-to-the-home high-speed internet services over the same rights-of-way.

Product overview

Canadian Valley Electric Cooperative operates as a member-owned electric utility providing electricity to parts of 10 central Oklahoma counties, serving over 27,000 meters across approximately 3,500 square miles. The cooperative's product portfolio centers on its core electricity distribution service (residential and commercial) and includes MyCVEC App as the primary digital platform for account management, CVEC Fiber for high-speed internet services, and various add-on programs such as Prepay Billing, Auto Pay, Text Messaging Outage Program, Outage Map, Solar/Net Metering, Beat the Peak demand management, Energy Savings Programs, and community initiatives (Operation Round-Up, Sharing Success Grant, Youth Programs). The Electralite newsletter serves as the cooperative's primary communication vehicle with members. All products are designed to support the cooperative mission of delivering reliable, affordable electricity while serving the community.

Differentiator

Problem solved

Functional benefit

Brands

• CVEC Fiber: High-speed internet service provided to CVEC membership
• Electralite
• MyCVEC

Products and services

• Residential Electric Service Standard electric distribution service for member households in CVEC's service territory, billed via monthly facilities charges plus kWh usage charges, with optional prepay, auto pay, text outage alerts, and Beat the Peak demand response.
• Commercial Electric Service Electric distribution service for small and large commercial accounts, with separate rate schedules, new service form requirements, and demand-based billing suitable for shops, offices, and agricultural processing.
• Industrial Electric Service High-load electric distribution service for industrial members under dedicated industrial rate schedules, including commercial new service form requirements for large-power operations.
• CVEC Fiber High-Speed Internet Fiber-to-the-home high-speed broadband internet service delivered to members within CVEC's service territory through subsidiary CVEC Fiber, LLC, leveraging the cooperative's electric distribution rights-of-way.
• MyCVEC Mobile App Member-facing mobile application (Apple App Store and Google Play) branded MyCVEC and built on the SmartHub platform, enabling members to manage accounts, pay bills, report outages, and view usage and account activity.
• Solar Net Metering Program Member program allowing customers who install rooftop solar or other qualifying distributed generation to interconnect with CVEC's distribution system and receive credit for surplus electricity exported back to the grid.

Named customers3 records

Segments3 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered core, major and minor.

• Western Farmers Electric Cooperative (WFEC)coreStrategic or Co-development PartnerCanadian Valley Electric Cooperative is a co-owner of Western Farmers Electric Cooperative. WFEC provides diversified power generation including coal- and natural gas-fired generators, 260-megawatt federal hydroelectric power allocation from Southwestern Power Administration, and a 70-megawatt wind power contract. CVEC buys back solar power at avoided cost set by WFEC.
• Southwestern Power Pool (SPP)coreTechnology or IntegrationCVEC's 138,000-volt transmission system is interconnected to the Southwestern Power Pool for wholesale power procurement and grid management.
• Western Farmers Electric Cooperative - Avoided Cost ProgramcoreStrategic or Co-development PartnerCVEC buys back solar power at avoided cost rates set by Western Farmers Electric Cooperative. Members with solar must have interconnection agreement on file prior to installation.
• Response ServicesmajorTechnology or IntegrationCanadian Valley Electric contracts with Response Services providing 24/365 outage response coverage to ensure continuous emergency response capability.
• Oklahoma Utilities and CooperativesmajorStrategic or Co-development PartnerCVEC has mutual assistance agreements in place with other Oklahoma utilities, cooperatives, and contractors for crisis response. Manpower and materials are transferred rapidly when needed during major outages.
• Oklahoma Department of Human Services (DHS)minorOthersOklahoma DHS administers the Low Income Home Energy Assistance Program (LIHEAP) and other utility assistance services providing financial relief to qualifying households struggling to pay utility bills.
• 8-1-1 (Call Before You Dig)minorOthersFree national service that marks public underground utilities including electric, gas, water, cable, and fiber to prevent accidental damage during digging.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Oklahoma Electric Cooperative: Member-owned electric distribution cooperative serving central Oklahoma with a similar mix of residential, commercial, and agricultural loads; directly comparable in scale, governance, and service-territory model to CVEC.
• Northeast Oklahoma Electric Cooperative: Member-owned electric distribution cooperative serving rural northeastern Oklahoma with a similar mix of residential, agricultural, and small-commercial members under the cooperative model.
• East Central Oklahoma Electric Cooperative: WFEC-member electric distribution cooperative in east-central Oklahoma; directly comparable in scale, customer mix, and dependence on shared generation assets.
• People's Electric Cooperative: Oklahoma-based rural electric cooperative also co-owned by Western Farmers Electric Cooperative, sharing CVEC's wholesale power supplier, distribution structure, and member-owned governance model.
• Cotton Electric Cooperative: WFEC distribution-member cooperative in southern Oklahoma with comparable customer count, generation-and-transmission partnership, and rural distribution profile to CVEC.
• BOLT Fiber Optic Services: Fiber-to-the-home subsidiary of another Oklahoma electric cooperative; directly comparable to CVEC Fiber as a utility-cooperative broadband operator targeting rural Oklahoma members.

Others

• Western Farmers Electric Cooperative (WFEC): Generation-and-transmission cooperative in which CVEC is a co-owner; supplies CVEC's wholesale power and is structurally linked, but operates upstream rather than as a distribution competitor.
• CoBank: Cooperative Farm Credit system bank that lends to and partners with rural electric cooperatives including CVEC; relevant as a financial counterparty, capital provider, and community-program sponsor rather than a competitor.

Broad incumbents

• Public Service Company of Oklahoma (PSO / AEP): American Electric Power subsidiary operating as an investor-owned regulated utility across eastern and central Oklahoma; competes for commercial and industrial customers adjacent to CVEC's territory and represents the broader-incumbent alternative.
• OGE Energy Corp (OG&E): Investor-owned electric utility serving Oklahoma and Arkansas with overlapping central Oklahoma service territory and full generation-transmission-distribution vertical integration; a broader incumbent against which CVEC competes for adjacent load.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/CVEC_OK

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Canadian Valley Electric Cooperative