Company Profile
Golden Valley Electric Association
Company Overview
GVEA is an electric cooperative which maintains 3,261 miles of transmission and distribution lines, 35 substations, and 9 generating facilities. Our system is interconnected with Fort Wainwright, Eielson AFB, Fort Greely, the University of Alaska-Fairbanks, and all of the electric utilities in the Alaska Railbelt, extending from Homer to Fairbanks. Powering the Interior of Alaska, GVEA contributes to the economic, environmental, and social viability of our communities.
We recognize the importance of a diverse workforce composed of safe, committed, and self-motivated employees. GVEA strives to hire and retain employees who share our values of integrity, honesty, accountability, respect, goodwill, and continuous improvement.
Company History
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 furthering 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 kilowatts (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.
Benefits
We offer a comprehensive benefit package that includes a Defined Pension, 401(k) match, Health insurance, Life Insurance, Short- and Long-Term Disability, Annual Leave, Wellness Program (including fitness reimbursements), Tuition Reimbursements and Flexible Work Schedule.