NOVEC Chairman and CEO Stan Feuerberg Retires
NOVEC’s Board of Directors has also appointed David E. Schleicher as Chief Operating Officer. Schleicher will become president and CEO of NOVEC upon Feuerberg’s retirement.
Feuerberg has served as president and CEO since joining NOVEC in January 1992. During his tenure, the electric cooperative grew from approximately 72,000 metered customers at the end of 1991 to more than 177,000 at the end of 2021, the utility said in a press release.
In 1991, the cooperative sold 1.6 billion kilowatt hours, with sales increasing to 7.4 billion kWh by the end of 2021. NOVEC’s system peak load also increased from 389 megawatts to 1,431 MW. Over the past 30 years, NOVEC’s operating revenues have grown from $121 million to $665 million. The value of the cooperative’s assets has risen from nearly $270 million to $1.1 billion, placing NOVEC among an elite group of power cooperatives, according to the release.
Moreover, NOVEC’s basic electric rates did not increase during Feuerberg’s three decades at the helm. Instead, he oversaw a rate cut in 2011 that reduced residential rates by 4.5%.
Feuerberg also oversaw several important achievements:
1995: Construction began on NOVEC’s proprietary fiber optic network which now spans 335 miles.
2000: The for-profit subsidiaries NOVEC Solutions and NOVEC Energy Solutions were founded to provide additional services to customers.
2009: The cooperative separated from its wholesale electricity supplier. NOVEC’s new power supply division has started buying power on the open market.
2012: NOVEC ranked first in the country in the JD Power Electric Utility Residential Customer Satisfaction Study.
2013: A 49.9 megawatt biomass power generation facility in Halifax County, Virginia has begun producing renewable energy from wood waste.
2016: NOVEC has patented the NS ONE-net Dense Wave Division Multiplexer which allows data to travel in both directions over a single strand of optical fiber, instead of two.
2020: For 23 consecutive years, NOVEC has earned the distinction of being the most reliable electric utility in the Washington DC metropolitan area, as measured by an industry standard.
Prior to joining NOVEC, Feuerberg was chief operating officer of the Vermont Electric Power Company (VELCO) and general counsel for the Western Area Power Administration (WAPA) of the US Department of Energy. Feuerberg was active in a number of community organizations, in particular, Easter Seals UCP Virginia.
Feuerberg and his wife, Robyn, are parents to Danielle Arthur and Amy Feuerberg, and grandparents to Norah Arthur.
“NOVEC is the successful co-op it is today, thanks in large part to Stan’s insight and leadership. We wish him the best in his retirement,” said NOVEC Chairman of the Board, Wade. House, in the release.
New CEO David Schleicher joined NOVEC in 2017 as Vice President of Administration, Substations and Telecommunications. Previously, he held positions at EnergyUnited EMC in North Carolina and PPL Electric Utilities in Pennsylvania. Schleicher holds a Bachelor of Science in Electrical Engineering from Drexel University and an MBA in Operations Management from the University of Scranton. Schleicher is a registered professional engineer.
NOVEC, headquartered in Manassas, is a not-for-profit corporation that provides electricity to more than 177,000 metered customers in Fairfax, Fauquier, Loudoun, Prince William, Stafford and Clarke counties, La town of Manassas Park and the town of Clifton. . The utility is one of the largest electric cooperatives in the United States.