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Yellowstone Valley Electric Cooperative, Inc.
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About Yellowstone Valley Electric Cooperative, Inc.
Yellowstone Valley Electric Cooperative, Inc. (YVEC), is the second largest Cooperative in Montana and is located in Huntley in the heart of Big Sky Country just minutes from downtown Billings - Montana's largest city. The area offers outstanding hunting, fishing, skiing and other outdoor activities, excellent schools, great shopping, and several wonderful small communities in the surrounding area. YVEC has continued to grow & currently has approximately 48 employees. In 1935, President Franklin D. Roosevelt signed a bill allowing Rural Electrification Administration (REA) to make low interest loans available to newly formed utilities such as YVEC. On February 23, 1937, sixteen area Montana pioneers formed the Yellowstone Valley Electric Association, known today as Yellowstone Valley Electric Cooperative, Inc. which is one of a 1,000 Cooperatives in the U.S. During the early 1940s, the Billings Substation was the first delivery point to come on line & serve the entire system. Over the years, YVEC has continued to grow & today YVEC has a total of 19 distribution substations, two transmission substations & over 2,600 miles of line serving over 22,000 meters. YVEC has come a long... way since its humble beginnings and continues to share the goal, "Providing the Power to Make Life Better!" Yellowstone Valley Electric Cooperative is a private, non-profit electric cooperative, which supplies electricity to Montana member/owners in Yellowstone, Stillwater, Carbon, Big Horn, Musselshell, & Treasure Counties. Electric cooperatives, such as YVEC, are locally & equally owned by all the members they serve. Unlike privately owned utilities, YVEC is not owned by outside investors. Members pay the lowest possible electric rates because profit margins are not added to their monthly electric bill. Members will also receive a capital credit check when the elected Board of Directors determines that reserve funds may be distributed. Members in each of our seven districts elect a director to represent them on the Board of Directors. Each year approximately 1/3 of the board is up for re-election. In electing a Director, each member of the Cooperative is allowed one vote at the annual meeting, which is held in March of each year. Because YVEC is a nonprofit cooperative, any margins at year-end are allocated back to the members in the form of capital credits. When the financial condition of the cooperative is favorable, the Board of Directors authorizes retirement of these funds. YVEC employees enjoy a comprehensive benefits package. Eligibility generally extends to all full-time employees & coverage depends on the employee’s position. Our benefits program includes the following: Group Health Benefit Plans, Life Insurance, Accidental Death & Dismemberment Insurance, Business Travel Life Insurance, Short & Long Term Disability, Vacation & Sick Leave, Holiday Pay, Cafeteria Section 125 Plan, Retirement Plan, Training & Development Programs, Employee Higher Education Reimbursement Program, Employee Wellness & Extensive Safety Program & more!! Yellowstone Valley Electric Cooperative, Inc. is committed to the principle of equal opportunity in education and employment. YVEC prohibits discrimination against and harassment of any employee, applicant for employment, third party or consumer because of race; color; national or ethnic origin; age; religion; veteran status; disability; sex; sexual orientation; gender and/or any other characteristic protected under applicable federal or state law.
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