Recently, CVEC employees had the opportunity to go behind the scenes during a Lunch + Learn presentation led by Senior Executive Vice President and Chief Operating Officer, Bruce Maurhoff, P.E. The session provided an inside look at CVEC's power supply strategy and the critical role it plays in delivering dependable electric service across our communities.
During the presentation, Bruce explained:
- How CVEC develops its long-term power supply strategy
- Where and how the cooperative purchases electricity
- The power markets in which CVEC participates
- The key components that make up the total cost of power
- The strategies CVEC uses to responsibly manage and control power supply costs while maintaining reliable service
Power supply is one of the largest expenses for any electric cooperative, making thoughtful planning and sound decision-making essential. By carefully balancing reliability, affordability, and long-term sustainability, CVEC works every day to ensure members receive the best possible value for the electricity they depend on.
While employees may serve in a variety of roles across CVEC and Firefly Fiber Broadband, understanding how our core business operates helps everyone see the bigger picture. Sessions like these strengthen our knowledge of the cooperative business model, deepen our appreciation for the work happening behind the scenes, and reinforce how each employee contributes to serving our members and communities.
At CVEC, continuous learning is part of our culture. The more we understand about our cooperative, the better equipped we are to educate, support, and serve our members while fulfilling our mission of Transforming Lives.