Cape And Vineyard Electric Announce New President

Filed Under: Non Profit News

Cape & Vineyard Electric Cooperative, Inc. (CVEC) announced the recent election of William Lake of Aquinnah as CVEC’s new president, succeeding current president Leo Cakounes of Harwich.  Cakounes is stepping down after serving as CVEC’s president for the past five years.

“A lot of change within the organization took place during my tenure.  CVEC offers so much to member towns through its renewable energy programs and projects.  I step down leaving the leadership in good hands,” said Cakounes.

“CVEC does terrific work in providing Cape and Islands towns and other government organizations renewable energy and by saving users millions of dollars in energy costs,” said Lake. “With the growing urgency of reducing reliance on fossil fuels, few things could be more important.  I’m delighted to have the opportunity to work with CVEC as it addresses the next stages of our evolving energy situation.” 

“We are pleased to have Bill Lake follow in Leo’s footsteps,” said Executive Director Liz Argo.  “Strong leadership has allowed CVEC to develop 32 megawatts of renewable energy and deliver $16.9 million in cumulative electric costs savings to our members and participants as of July 1 2020,” she added.

In addition, CVEC appointed Maria Marasco of Yarmouth as its deputy director. Marasco previously served in the Baker-Polito Administration’s Executive Office of Housing and Economic Development as Southeast Regional Director for Business Development. 

CVEC, established in 2007, is a nonprofit organization providing solar and battery installation and management and electric account management. Its 30 members and participants include counties, towns, schools and districts on the Cape & Islands and Southeastern Massachusetts.  

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