This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

VEA Wins National Community Service Award For Energy Efficiency

NEW ORLEANS, Feb. 20, 2013 /PRNewswire/ -- At its annual convention, the National Rural Electric Cooperative Association (NRECA) today awarded Valley Electric Association, Inc. (vea.coop) with its 2012 National Community Service Award for Energy Efficiency. NRECA, the association that represents the nation's 905 electric cooperatives serving an estimated 42 million people in 47 states, annually seeks out and recognizes cooperatives that have rendered exemplary service to their communities. 

(Photo: http://photos.prnewswire.com/prnh/20130220/PH63734-a )(Photo: http://photos.prnewswire.com/prnh/20130220/PH63734-b )

VEA's innovative domestic solar water heating program earned the accolades for the Pahrump, NV-based co-op. "This award recognizes cooperatives that are working to provide their member-owners with the most energy efficient systems and practices available," explained Gabe Snow, NRECA's award program coordinator. "It's also about how the co-op positively impacts the community it serves through the outreach, community development and economic benefits associated with its energy efficiency program."

"On behalf of the entire VEA board, we are so proud of our Ambassadors and our membership and what they contribute to our community every day in so many ways," said VEA board member Shiela Rau in accepting the award.

A short video on VEA's domestic solar water heating program was produced by NRECA and shown in advance of the award. 

The highlighted benefits to the communities served by VEA flowing from the co-op's solar water heating program include:

  • Job creation with the installation of hundreds of solar water heaters, along with job training opportunities
  • A local economic stimulus: the savings on water heating can be spent elsewhere in the local economy
  • Many members were able to take a 30% federal tax credit on the installed cost of their system, keeping more money local
  • The program reduces the amount of expensive peak power VEA needs to purchase, reducing pressure on rates
  • The local tax base is improved by sales on local materials used to install the systems
  • Environmental benefits, with more than 3,000 pounds of CO2 reduction attributed to each system

Solar water heating could save the nation $8 billion a year on energy costs, according a National Renewable Energy Laboratory (NREL) report. VEA's program overcomes several barriers that impede the greater utilization of the technology elsewhere in the U.S.; in addition to offering its members "no-money down," zero percent financing on residential solar water systems, the co-op delivers savings to its members through economies of scale on purchasing, installation and quality control.

The cost to heat water for a typical family's laundry, dish-washing, showering, bathing, etc., is the third largest home energy expense (after heating and cooling costs), according to the U.S. Dept. of Energy.  More than 700 of the approximately 16,000 members residing in VEA's 6,850 square service territory in southwestern Nevada now have solar water heating systems in their homes.

Glenn English, retiring as NRECA's CEO after 19 years of service, noted in presenting the award to VEA,  "Valley Electric Association tapped an important energy resource—its members and its Ambassadors—to develop an innovative, cost-effective solar water heating program that has been described as the most successful in the continental U.S."  English added, "VEA's program has generated significant benefits for the communities it serves as well as being another great example of the power of the cooperative business model."

Contact: Tom Polikalas775-727-2113 tomp@vea.coop

This press release was issued through eReleases® Press Release Distribution. For more information, visit http://www.ereleases.com.

SOURCE Valley Electric Association, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs