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2026-06-BRE MM

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2025

YEARS STRONG

DEAR MEMBER

At Blue Ridge Energy, everything we do is guided by one simple purpose: to make life better for the members and communities we serve.

As we approach 90 years of service in 2026, we are reminded that this cooperative was built on neighbors helping neighbors. What began as an effort to electrify rural communities has grown into an organization that powers homes and businesses, expands broadband access, provides propane and fuels services and supports quality of life across our region.

This milestone comes during a period of continued change across the energy industry. Rising wholesale power, materials and labor costs are impacting utilities nationwide. While these challenges are real, our responsibility remains clear. We are planning carefully, managing expenses responsibly and working diligently to mitigate impacts while continuing to deliver the reliable service you expect.

Our subsidiaries, Blue Ridge Energy Propane and Fuels and RidgeLink, not only benefit our communities, they also help us keep member rates as low as possible. Every decision we make is centered on long term stability and serving you well into the future.

CHECK OUT THE CAROLINA COUNTRY COVER WRAP for more information on this year's Annual Meeting!

What gives me the greatest confidence is our team. Across every part of our organization, our employees demonstrate resilience, professionalism and heart each day. Their dedication ensures we continue earning your trust.

Thank you for that trust. It is an honor to serve you, and we remain committed to making life better for generations to come.

In Memory of Jeff Joines

It is with profound sadness that we honor the life and service of Jeff Joines, who faithfully served as President of the Board of Directors for Blue Ridge Energy from 2018 until his passing in 2026.

Appointed to the Board of Directors in 1998, Jeff served 28 years in roles including Assistant Secretary-Treasurer, Vice President, President and Chair of the Cooperative’s Caldwell Member Advisory Committee. He led with integrity, humility and an unwavering commitment to our members, championing engagement and cooperative principles at every level.

His steady guidance, wisdom and belief in our mission leave a lasting legacy that will continue to guide Blue Ridge Energy in the years ahead.

RIDGELINK, LLC Connecting Our Community

In 2025, RidgeLink continued improving connectivity across the High Country, strengthening networks in Boone, Blowing Rock, and the Appalachian State University campus. Building on more than a decade of fiber investment, RidgeLink remains focused on long‑term asset value and sustainable growth. As a subsidiary of the cooperative, RidgeLink not only enhances wireless and broadband services for members but also contributes financially to programs that benefit our communities, delivering reliability, value, and lasting impact.

99.98% Blue Ridge Energy ranks among the most reliable providers in the nation.

2025 Highlights

The Members Foundation awarded $175,000 in grants to 33 community organizations that provide support services to our members and customers.

Record $6.3+ million in capital credits returned to members in May.

ACSI score = 91 (American Customer Satisfaction Index)

Received $11.6 million from FEMA for Helene damage reimbursement.

1,700+ student athletes in the “Heart of” program.

The Members Foundation helped 938 households with crisis needs to help pay electric and fuel bills.

105 Leadership Track High School students.

$14,191 donated through our Propane and Fuels “Fueling the Fight” initiative.

Our Linemen and Technology in Action

During 2025, our linemen and the System Operations Center leveraged advanced technology to restore service quickly after storms. Tools like relays, SCADA systems, mobile data platforms, and drones allowed crews to assess damage and respond faster than ever before. These investments in technology, combined with the dedication of our front line teams, help ensure reliable service for members and reinforce our commitment to keeping the community powered, safe, and connected.

Member Services

Remains Strong

At Blue Ridge Energy, delivering consistently high-quality member experiences remains at the heart of everything we do. Our Member Services team assists members through multiple channels, ensuring questions are answered and issues are resolved quickly.

Over the past year, our team handled thousands of interactions through phone calls, online chats, and in-person visits. Digital engagement continues to grow as more members take advantage of tools like the Blue Ridge Energy mobile app and programs such as Beat the Peak, which helps reduce energy use during periods of high demand. Even as interactions increased, our service quality remained strong.

Strengthening Our Grid for the Future

In 2025, Blue Ridge made significant investments in infrastructure, completing key grid upgrades and an extensive program of preventative maintenance. These improvements from modernizing equipment to reinforcing critical power lines ensure our system is more reliable and resilient than ever.

The result for our members is clear: fewer outages, faster restoration when issues do occur, and greater peace of mind knowing that the cooperative is proactively maintaining and enhancing the electric grid. By prioritizing both innovation and upkeep, we’re not just powering homes and businesses, we’re building a stronger, more dependable energy future for the communities we serve.

90 Years of Powering Communities

Bringing electricity to rural communities, Blue Ridge Energy has expanded reliable electric service across its region.

Returning Value to Members

Reliable Energy. Everyday Value.

Propane and Fuels plays a vital role in delivering the dependable service members rely on every day. From heating homes to supporting local businesses, propane provides an efficient, resilient energy source that performs when it matters most. Blue Ridge Energy pairs this reliability with responsive, member-focused service, offering flexible delivery options, knowledgeable support, and convenient account tools that make managing energy simple.

With competitive pricing and efficient operations, the cooperative remains committed to delivering strong value without compromise. Every service, delivery, and interaction reflects a focus on meeting member needs with consistency, care, and confidence.

In January 2025, Blue Ridge Energy’s Board of Directors approved the retirement of more than $6.3 million in capital credits, which were returned to members in May. Capital credits represent each member’s ownership in the cooperative. Because Blue Ridge Energy operates as a not-for-profit cooperative, any revenues remaining after expenses are allocated to members as margins. These margins are used for a period of time to finance reliability projects and maintain financial stability before being returned to members.

1.15 Billion

Electric kilowatt hours sold, driven by record cold temps 2025 Value

to Members

$2 Million

120,067 calls our team answered

1,218 members assisted through live chat

Upstream of excess cash from Propane and Fuels subsidiary to the cooperative to help hold down rates and offset rising costs.

Electric Bill Breakdown

Based on a $100 Bill

285 Community Leaders Council members

86 Member Advisory Committees members

81,610 Electric meters 34% of electric margins came from the subsidiaries

$6.737 Million

Member benefit driven by record results at Blue Ridge Energies, LLC (Propane and Fuels subsidiary) and RidgeLink, LLC (telecommunications subsidiary)

Board of Directors

John F. Wishon Jr. (Johnny), President, Alleghany District

James Burl (JB) Lawrence, Vice President, Watauga District

Kelly Melton, Secretary-Treasurer, Caldwell District

Cindy Price, Assistant SecretaryTreasurer, Ashe District

David Eggers, Caldwell District

Kelvin Gryder, Watauga District

Angie Miller, Watauga District

David Boone, Ashe District

Douglas Spell, Ashe District

Bryan Edwards, Alleghany District

Mitch Franklin, Alleghany District

90 Years of Member Value

As a cooperative, Blue Ridge Energy has consistently returned value to its members.

Showrooms Located in Each District Office and in Morganton

ACSI Excellence in Member Satisfaction

Blue Ridge Energy continues to demonstrate industry‑leading member satisfaction, earning ACSI (American Customer Satisfaction Index) scores of 90 or higher in three quarters over the past year. With these results, the cooperative ranked among the top five electric utilities nationwide, underscoring our commitment to delivering dependable service and positive member experiences.

$542,927$544,070

USDA Rural Economic Development Loan & Grant Program (REDLG)

As facilitators of the USDA REDLG program, we have helped eligible local entities secure more than $15 million in government funding for essential community services and economic development over nearly two decades, reflecting our ongoing commitment to strengthening the communities we serve. In 2025, we advanced 10 projects through the program, closing six projects totaling $2,654,780 in zero-interest, federally funded loans, while an additional four projects, representing $2,380,000, were approved, positioning even more communities for growth in the year ahead. Ashe County Rescue Squad$121,000

Youth Network$1,000,000 TOTAL $2,654,780

Foundation Financial Report

90 Years of Investing in Future Generations Through programs like Bright Ideas, Blue Ridge Energy has supported education for decades.

The Blue Ridge Energy Members Foundation is another example of the people behind the power. You, our members, contribute to Operation Round Up® to help support the Members Foundation. Your Foundation is unique in that 100 percent of all donations go directly to help members, as well as funding community grants to small, local, not-for-profit organizations that help our members and improve their quality of life.

Distribution of Grant Funds for Helene Recovery

In 2025, the Blue Ridge Energy Members Foundation focused its charitable giving on Hurricane Helene recovery, supporting organizations impacted by the storm and providing direct assistance to affected members. Grants helped local nonprofits deliver essential services, while the Mountain Strong Helene Relief Fund provided energy bill and winter heating support to households in need.

$119,704 Helene recovery impact in assistance and community grants.

Blue

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2026-06-BRE MM by Carolina Country - Issuu