Southside Electric Cooperative Incorporated

Southside Electric Cooperative Incorporated, with an EIN of 54-0387895, is a nonprofit organization based in Virginia, United States. Established in 1937, it operates as an electric cooperative, providing electricity to homes, farms, and businesses across 18 counties in Virginia, including Amelia, Appomattox, Bedford, Brunswick, Buckingham, Campbell, Charlotte, Chesterfield, Cumberland, Dinwiddie, Lunenburg, Mecklenburg, Nottoway, Pittsylvania, Powhatan, Prince Edward, Prince George, and Sussex. Additionally, it serves six towns: Altavista, Blackstone, Crewe, Hurt, Kenbridge, and South Hill, as well as the city of Petersburg.

Mission and Objectives

The mission of Southside Electric Cooperative Incorporated is to provide safe, reliable, affordable, and innovative power solutions through empowering its people and commitment to the Cooperative Principles. This mission is achieved by focusing on community development and providing essential infrastructure, such as electricity, which serves as a foundation for economic growth and community prosperity.

Programs and Services

• Electricity Provision: The cooperative's primary service is the provision of electricity to its extensive service area, supporting residences, agricultural operations, and businesses.
• Economic Development: It plays a crucial role in economic development by acting as a trusted energy partner. This involves identifying and promoting unique advantages in the regions it serves, such as land development and pad-ready sites, which can attract new businesses and industries.
• Community Support: The cooperative contributes to community support initiatives, such as scholarship programs. For example, the Southside Opportunity Fund offers scholarships to local students, supporting educational success within the communities it serves.

Financial Overview

In its most recent fiscal reports, Southside Electric Cooperative Incorporated reported significant revenue from program services and other sources. Despite a net loss, the cooperative maintains substantial assets, reflecting its ongoing commitment to providing reliable and affordable energy solutions to its communities.

Governance and Structure

The cooperative operates under a board of directors, who are responsible for strategic planning and decision-making processes. The structure is designed to ensure community representation and adherence to cooperative principles, which emphasize member involvement and democratic control.