~ About CVEC

The Cape & Vineyard Electric Cooperative
23H2 White’s Path, Suite 2, South Yarmouth, MA 02664    774-722-1812

Photo by Jim Holland

The Cape & Vineyard Electric Cooperative, Inc. (“CVEC”) was organized on September 12, 2007.  CVEC was formed under Massachusetts General Laws, c. 164, §136.  Section 136 provides for the establishment of energy cooperatives.  Section 136 cooperatives can, among other things: (1) purchase and own generation, transmission and other projects and property; (2) enter into contracts and incur liabilities; (3) borrow money, issue notes and bonds; (4) enter into private/public collaboration (contractual); (5) purchase, sell and distribute energy; and (6) sell electricity to any consumer within CVEC member communities.  CVEC’s purposes include developing and/or owning renewable electric generation facilities and procuring and/or selling long term electric supply or other energy-related goods or services including renewable energy certificate contracts at competitive prices to member communities.  CVEC’s functions, policies and goals include acquiring the best market rate for electricity supply, promoting and supporting the development of renewable energy resources, improving the quality of service and reliability, and utilizing and encouraging conservation and other forms of energy efficiency.

To view Frequently Asked Questions about CVEC and its relationship with the Cape Light Compact, click here. To see a Powerpoint on the relationship, click here.

CVEC received a Private Letter Ruling from the United States Internal Revenue Service recognizing CVEC’s tax-exempt status.  To view ithe Private Letter Ruling, click here.

Currently, there are twenty members of CVEC, the County of Barnstable, Dukes CountyTown of Barnstable, Town of Brewster, Town of Harwich, Town of Dennis, Town of Tisbury, Town of Bourne, Town of Eastham, Town of Sandwich, Town of Provincetown Town of Oak BluffsTown of Edgartown, Town of Orleans, Town of Yarmouth, Town of Falmouth, Town of Chatham, Town of West Tisbury, Town of Chilmark and the Cape Light Compact.  Cape Light Compact is a sister organization of CVEC.  For more information on the Cape Light Compact, please go to the Cape Light Compact’s website at www.capelightcompact.org

CVEC’s formation stemmed from the members’ desire to develop renewable energy projects and use renewable energy projects to stabilize electric rates for ratepayers within CVEC member communities.  Some additional benefits of CVEC membership include eligibility for lower cost financing for renewable energy projects, such as through the United States Department of Agriculture’s Rural Utilities Service.  The cooperative structure also generally limits member communities’ financial liability.

The Green Communities Act, which was signed into law on July 2, 2008, will also provide benefits to member communities.  One of the main benefits to member communities is net metering.  The new net metering law generally allows certain renewable energy generating facilities to receive and even allocate to other distribution company customers credits on future energy bills.   For more information on net metering please visit the Department of Public Utilities’ website at www.mass.gov/dpu.  Through the Green Communities Act and the Cape & Vineyard Electric Cooperative opportunities, member communities will host CVEC renewable energy projects that provide net metering benefits and result in savings on municipal electrical costs.

Cape & Vineyard Electric Cooperative Documents:

Private Ruling Letter


Articles of Organization

Cooperative Informational Presentation

Member Services Agreement

Policies and Procedures Handbook 2017

Rights & Obligations of CVEC Members

Administrative Services Agreement

Cape Light Compact Contribution Letters

Information on CVEC and Cape Light Compact

 2012 Annual Report

2013 Annual Report

2014 Annual Report

2015 Annual Report

2016 Annual Report

2017 Annual Report

2018 Annual Report


FY2008 Financials

FY2009 Financials

FY2010 Financials

Audited Financial Statements Inception FY10

FY 2011 Financials

Cape & Vineyard Electric Cooperative, Inc. Financial Statements  for July 1, 2010 – June 30, 2012 (Independent Auditor’s Report by Sullivan, Rogers & Company, LLC, performed September 2013)

Cape & Vineyard Electric Cooperative, Inc. Financial Statements  for July 1, 2012 – June 30, 2013 (Independent Auditor’s Report by Clifton Larson Allen LLP, performed February 2015)

Cape & Vineyard Electric Cooperative, Inc. Financial Statements for July 1, 2013 – June 30, 2014 (Independent Auditor’s Report by Clifton, Larson, Allen LLP, completed October 2015

Cape & Vineyard Electric Cooperative, Inc. Financial Statements  for July 1, 2014 – June 30, 2015 (Independent Auditor’s Report by Clifton Larson Allen LLP, completed September 2016)

Cape & Vineyard Electric Cooperative, Inc. Financial Statements  for July 1, 2015 – June 30, 2016 (Independent Auditor’s Report by Clifton Larson Allen LLP, completed March 2017)

Cape & Vineyard Electric Cooperative, Inc. Financial Statements  for July 1, 2016 – June 30, 2017 (Independent Auditor’s Report by Clifton Larson Allen LLP, completed December 2017)