GVEA's Mission: Recognizing GVEA's importance to the economic, environmental and social viability of our communities, the Cooperative's mission is to safely provide its member-owners with reliable electric service, quality customer service and innovative energy solutions at fair and reasonable prices.
To read the list of GVEA's values, click here.
To read GVEA's Strategic Directives, click here.
The cooperative operates and maintains 3,282 miles of transmission and distribution lines, 35 substations (including one mobile) and nine generating facilities. Our system is interconnected with Fort Wainwright, Eielson AFB, Fort Greely, the University of Alaska-Fairbanks and all electric utilities in the Alaska Railbelt, which extends from Homer, Alaska to Fairbanks. Peak load in 2019 was 194.7 megawatts. The system peak of 223 MW was set in December 2007.
Incorporated in 1946 in Fairbanks, Alaska, Golden Valley Electric Assn. took shape when a small group of locals became interested in bringing electric service to rural areas and advancing the agricultural industry in Interior Alaska. These pioneers applied to the Rural Electrification Administration, which granted a loan to form a not-for-profit rural electric cooperative.
GVEA now serves nearly 100,000 Interior residents in Fairbanks, Delta Junction, Nenana, Healy and Cantwell. We also serve Interior residents out to 48-mile Steese Highway, 11-mile Elliot Highway (Haystack Subdivision) and 26-mile Chena Hot Springs Road.
The 9.500 kW Fairbanks Exploration (F.E.) Co. power plant was built in 1927 to serve the gold dredges operating in the Tanana Valley. GVEA purchased power from the F.E. Company until 1952, when GVEA purchased the plant. It was retired in March 1972.
GVEA energized the Northern Intertie (pictured) in October 2003. This 97-mile, 230-kilovolt line was one of GVEA’s initiatives to improve system reliability. This GVEA-owned transmission line stretches between Healy and Fairbanks.
Golden Valley Electric is the northern control point for the Alaska Intertie, which serves most Railbelt communities. This 170-mile-long, state-owned transmission line was build in the mid-1980s and extends between Willow and Healy, along the Parks Highway corridor. The Alaska Intertie connects GVEA to Chugach Electric Assn., Matanuska Electric Assn., Homer Electric Assn., as well as Anchorage’s Municipal Light & Power and the City of Seward's electrical system.
Both interties allow GVEA to augment our 296 MW generation capacity with an additional 70 MW from the Anchorage area.
In addition to our diverse fuel supply of coal, oil, natural gas and hydroelectric power, GVEA continues to add renewable power to the grid. GVEA launched SNAP, its renewable energy program in 2005. Eva Creek Wind came online in 2012, adding just under 25 MW of wind to our generation mix. Additionally, in the fall of 2018, GVEA added another .5 MW of generation capacity with the Solar Farm, located north of Van Horn Road.
GVEA’s Battery Energy Storage System (BESS) came online in December 2003. The BESS can provide 27 megawatts for 15 minutes (or up to 40 MW for less time), if necessary. Being able to produce 40 MW makes the BESS one of the most powerful battery energy storage systems in the world in terms of MW output. In 2019, the BESS responded to 49 events, preventing approx. 252,300 member outages. This equates to an average of 5.4 prevented outages per meter. System reliability was 99% in 2019.
To help stabilize costs, GVEA has nine generating facilities and maintains a diverse fuel mix of oil, coal, natural gas, hydroelectric, wind and solar. The North Pole Expansion Power Plant generates power using a naphtha-blend, an extremely clean burning fuel. This power plant could be converted to burn natural gas, should it become available in the Interior.
In the fall of 2018, GVEA brought Healy Unit 2 online, which is a 50-MW, coal-fired power plant. Since restart work began, the plant has been retrofitted wiht new mill exhauster fans, environmental analyzers, as well as a redesigned fuel transport system, control system, pulverizer and electrical upgrades.