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  5. CUMBERLAND VALLEY ELECTRIC, INC.

CUMBERLAND VALLEY ELECTRIC, INC.

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Company Details

Name: CUMBERLAND VALLEY ELECTRIC, INC.
Legal type: Kentucky Cooperative Corporation
Status: Active
Standing: Good
Profit or Non-Profit: Non-profit
File Date: 12 Jul 1940 (85 years ago)
Organization Date: 12 Jul 1940 (85 years ago)
Last Annual Report: 14 Jun 2024 (a year ago)
Organization Number: 0012671
Industry: Electric, Gas and Sanitary Services
Number of Employees: Medium (20-99)
ZIP code: 40734
City: Gray
Primary County: Knox County
Principal Office: P. O. BOX 440, GRAY, KY 40734
Place of Formation: KENTUCKY

President

Name Role
VERNON SHELLEY President

Secretary

Name Role
LANSFORD LAY Secretary

Treasurer

Name Role
LANSFORD LAY Treasurer

Director

Name Role
VERNON SHELLEY Director
LANSFORD LAY Director
ELBERT HAMPTON Director
JAMES LEWIS Director
KEVIN MOSES Director
D. W. HOWARD Director
H. C. CREECH Director
LAWRENCE WEST Director
JAMES C. BRIGHT Director
A. L. P. CORDER Director

Incorporator

Name Role
A. L. P. CORDER Incorporator
H. C. CREECH Incorporator
LAWRENCE WEST Incorporator
JAMES C. BRIGHT Incorporator
D. W. HOWARD Incorporator

Vice President

Name Role
ELBERT HAMPTON Vice President

Registered Agent

Name Role
LANSFORD LAY Registered Agent

Unique Entity ID

Unique Entity ID:
PB88FC4425X3
CAGE Code:
1DLG0
UEI Expiration Date:
2025-08-30

Business Information

Activation Date:
2024-09-03
Initial Registration Date:
2023-06-29

Filings

Name File Date
Annual Report 2024-06-14
Annual Report 2023-04-06
Annual Report 2022-06-27
Annual Report 2021-04-27
Annual Report 2020-03-03

USAspending Awards / Financial Assistance

Date:
2024-09-10
Link:
View on USAspending
Awarding Agency Name:
Department of Energy
Transaction Description:
1. FUSE UPGRADE. REPLACE CONVENTIONAL FUSES WITH RECLOSERS ACROSS 500 MILES OF DISTRIBUTION LINES IN FOUR CIRCUITS ORIGINATING FROM THE CARPENTER SUBSTATION IN WHITLEY COUNTY, KENTUCKY. 2. RIGHT-OF-WAY (ROW) CLEARING AND MANAGEMENT. IN BELL, WHITLEY, AND KNOX COUNTIES OF KENTUCKY, CLEAR ROW FOR THE TWO POOREST-PERFORMING CIRCUITS IN THE REGION. SOW NATIVE GRASSES AND PLANTS TO REDUCE ANNUAL ROW MAINTENANCE COSTS. 3. COMMUNITY BENEFITS. LOWER CUSTOMERS’ ENERGY BURDEN BY KEEPING ENERGY COSTS LOW, REDUCE ANNUAL OUTAGES, REDUCE WILDFIRE RISK, CREATE HABITATS FOR POLLINATORS AND LOCAL WILDLIFE IN THE ROWS, AND WORK WITH LOCAL COMMUNITY LEADERS TO PROMOTE CLEAN ENERGY AND ENERGY RESILIENCY PROJECTS.
Obligated Amount:
4953349.00
Face Value Of Loan:
0.00
Total Face Value Of Loan:
0.00
Date:
2021-09-17
Link:
View on USAspending
Awarding Agency Name:
Department of Agriculture
Transaction Description:
PERSISTENT POVERTY SECTION 306 FFB - OTHER ELECTRIC FFB - OTHER LOAN
Obligated Amount:
0.00
Face Value Of Loan:
24122000.00
Total Face Value Of Loan:
24122000.00
Date:
2020-05-19
Link:
View on USAspending
Awarding Agency Name:
Small Business Administration
Transaction Description:
TO AID SMALL BUSINESSES IN MAINTAINING WORK FORCE DURING COVID-19 PANDEMIC.
Obligated Amount:
0.00
Face Value Of Loan:
1119202.00
Total Face Value Of Loan:
1119202.00
Date:
2020-04-09
Link:
View on USAspending
Awarding Agency Name:
Small Business Administration
Transaction Description:
TO AID SMALL BUSINESSES IN MAINTAINING WORK FORCE DURING COVID-19 PANDEMIC.
Obligated Amount:
0.00
Face Value Of Loan:
850900.00
Total Face Value Of Loan:
0.00
Date:
2018-09-13
Link:
View on USAspending
Awarding Agency Name:
Department of Agriculture
Transaction Description:
REDL-ELECTRIC
Obligated Amount:
0.00
Face Value Of Loan:
1000000.00
Total Face Value Of Loan:
1000000.00

Paycheck Protection Program

Jobs Reported:
49
Initial Approval Amount:
$1,119,202
Date Approved:
2020-05-19
Loan Status:
Paid in Full
SBA Guaranty Percentage:
100
Current Approval Amount:
$1,119,202
Race:
Unanswered
Ethnicity:
Unknown/NotStated
Gender:
Unanswered
Veteran:
Unanswered
Forgiveness Amount:
$1,129,430.26
Servicing Lender:
CoBank ACB
Use of Proceeds:
Payroll: $1,119,202

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Government Spending

Branch Date of Service Fiscal Year Cabinet Department Classification Item Name Amount
Executive 2025-02-25 2025 Transportation Cabinet Department Of Highways Utilities And Heating Fuels Electricity 967.15
Executive 2025-02-17 2025 Justice & Public Safety Cabinet Kentucky State Police Utilities And Heating Fuels Electricity 937.57
Executive 2025-02-12 2025 Tourism, Arts and Heritage Cabinet Kentucky Department Of Parks Utilities And Heating Fuels Electricity 1445.5
Executive 2025-02-12 2025 Justice & Public Safety Cabinet Department Of Corrections Utilities And Heating Fuels Electricity 34558.36
Executive 2025-02-10 2025 Transportation Cabinet Department Of Highways Utilities And Heating Fuels Electricity 75.96

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Sources: Kentucky Secretary of State

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