Together,
We Power Forward
At Rappahannock Electric Cooperative (REC), everything we do is rooted in our commitment to you — our member-owners. In 2024, the employee team and Board of Directors focused on delivering reliable service, supporting economic and residential growth, enabling broadband access, and protecting the value and affordability of our service to you.
Beyond our top focus on safety, REC concentrated strongly on the areas of Reliability, Affordability, Growth, and Advancement, which guided every decision and innovation.
RELIABILITY
With reliability at the core of our mission, we continued investing in technology and infrastructure to keep power flowing — safely and efficiently. Using drone inspections, satellite imagery, and grid analytics, we’re detecting potential issues before outages occur. These solutions help us work smarter for you.
Alongside fieldwork, in 2024 we inspected over 34,800 poles with drones, cleared 1,300 miles of rights-of-way, and removed 6,000+ hazard trees. We also installed 2,000+ new transformers and added 9,000 animal guards to prevent disruptions. In 2024, REC safely delivered over 4 billion kWh. Every action strengthens our reliability — because for REC, “on” is the default setting.
By the end of 2025, we expect to inspect nearly 40,000 poles and clear hundreds more miles of hazardous trees and vegetation — all to reduce outages and strengthen the grid.
AFFORDABILITY
Thanks to our focus on cost control and looking for ways to keep more dollars in your pocket, powering a home cost less than $7 per day on average. Last
year, we returned $3.65 million to members through capital credits. We also were selected for state and federal grants totaling more than $44 million.
Affordability is also about empowering you with options and tools. Over 15,000 members use Budget Billing, and 4,200+ enrolled in the Summer Savings Plan to reduce peak demand. Members also rely on MyREC SmartHub to monitor usage.
Our affiliate, BrilliT, served clients in 13 states delivering IT and cybersecurity services that can help REC offset costs. BrilliT helps us maintain dependable service while earning revenue that can help the Co-op.
Whether you’re a homeowner, school, or business, REC delivers value through energy solutions. As energy demand grows, we remain focused on future planning to maintain affordability.
GROWTH
From agriculture to manufacturing, our territory is attracting investment and opportunity. In 2024, REC supported dozens of development partnerships and connected over 4,000 new members.
As an energy provider, we play a key role in powering facilities like Trader Joe's distribution center in Caroline County, Unilock in Hanover, and new enterprises like data centers and Kalahari Resorts water park and convention center that broke ground in Spotsylvania. We also began or completed 4 new substations and added 23 employees and 6 interns to support expansion.
One of our most important growth strategies has been the launch of Hyperscale Energy Services—our affiliate designed to provide market power to serve large-scale data centers while shielding members from financial risk. We're securing upfront payments for new infrastructure, introducing a new rate, and taking other steps to serve 20+ GW of forecasted future load from hyperscale facilities efficiently and responsibly.
REC’s growth mindset is built on cooperative values. Every connection and project is about strengthening our communities — for today and tomorrow.
ADVANCEMENT
Through 2024, we enabled broadband access for over 8,400 members, with 12,000+ signups and 3,300 new pole attachments. To date, these connections are supported by major infrastructure upgrades: 2,500+ miles of fiber installed and 65,000+ pole attachments. These efforts have generated $5.6 million in lease revenue — helping to offset system improvement costs for REC.
These upgrades do more than support internet access, they strengthen the electric grid. By modernizing our network, we improve power reliability and create new revenue streams.
Across counties from King William to Warren, we're helping improve quality of life, thanks to a stronger, smarter grid that powers both electricity and internet access.
Together, we power forward.
2024 Financials
