SECO News March 2022
Dear Members,
SECO Energy is experiencing accelerated growth in the residential, commercial and industrial sectors while operating with strong fiscal responsibility. Florida is amid a population uptick. We expect the expansion potential and increasing energy demand to be our norm for a time.
In 2021, we added upwards of 5,700 new active services systemwide. This level of growth in our service area and Central Florida is exciting, challenging and has a positive effect on our financial position. SECO must meet the increasing demand for energy, maintain existing infrastructure and preserve reliability. SECO is very busy keeping up with our growing region and maintaining our existing infrastructure to serve you.
As a not-for-profit cooperative, significant financial investments are made to serve new members and improve your service reliability. At yearend 2021, SECO’s investment in facilities topped over $1 billion and continues to grow. This ongoing facilities’ investment averages over $6 million per month.
We have retained our position as the third-largest Florida electric cooperative and seventh largest nationally out of about 800 distribution co-ops. Among our co-op peers, a growing infrastructure supporting more than 220,000 metered accounts is extraordinary. Our facilities include 48 substations and 13,000 miles of line to reliably serve members.
This past year, with Board of Trustees approval, SECO returned $6.46 million in Capital Credits to current and former members. Since inception, SECO has returned over $80 million in Capital Credits. Assigning and returning margins to our members makes us different from other electric utilities. This is what we like to call “the cooperative
difference.”
We control costs, maintain healthy equity, return excess margins like a true co-op should, and provide competitive rates. It is clear there is a difference when serving members in a not-for-profit environment. And that’s the cooperative difference.
We pledge to provide you with the most reliable and lowest cost electricity possible while not losing sight of the high premium you place on customer service.
Best regards,
Curtis Wynn
Chief Executive Officer
Virtual Business Only 2022 Annual Virtual Meeting
Members, tune in to watch our 84th Annual Meeting live via virtual webcast on Thursday, March 24, at 4:30 p.m. To access the meeting, click on the Virtual Business Meeting homepage banner on SECOEnergy.com. Links to the webcast will also be published on Facebook, Twitter, YouTube, and Instagram.
Though this year’s meeting is a virtual business-only Annual Business Meeting, we need your vote to approve the 2021 Annual Meeting Minutes. You can vote on Annual Meeting business by mail, electronically or by phone. All members who cast a vote are counted as present in person for determination of quorum as stated in the Bylaws Article III, Section E, #4.
We have 100 great prizes up for grabs! All members who vote on Annual Meeting Business (2021 Annual Meeting Minutes) are eligible to win a prize. The grand prizes are a 2012 Chevrolet Colorado Extended Cab truck, a 2019 EZGO TXT gas-powered golf cart and three $1,000 cash prizes. Other prizes include SECO Energy electric bill credits, Wi-Fi programmable thermostats, energy savings kits and more!
Review the list of prizes on page three. To cast your vote electronically, visit SECOEnergy.com and click on the 2022 Virtual Business Meeting Vote homepage banner or text VOTE to (352) 320-2200 and follow the link. To vote by mail, fill out the ballot in your 2022 Official Annual Meeting Notice and enclose it with your electric bill payment.
To vote by phone, call (352) 793-3801 and an agent will assist. Do you have a comment or question for us? Engage with SECO Energy during the 2022 Annual Business Meeting, and your question or comment may be addressed live. Drop us a note via email at SECO2022AM@SECOEnergy.com, give us a call at (352) 329-MEET (answered on March 24 only) or send a message on Facebook or Twitter starting at 3:30 on March 24.
Good luck, and thank you for voting! We’ll see you virtually on Thursday, March 24, at 4:30 for our 84th Annual Meeting.
2022 Annual Business Meeting Prize List
2012 CHEVROLET COLORADO EXTENDED CAB TRUCK
2019 EZGO TXT GAS-POWERED GOLF CART
$1,000 CHECKS (3)
GENERAC GENERATOR
$250 SECO ELECTRIC BILL CREDITS (5)
NEST LEARNING THERMOSTATS (10)
HONEYWELL SMART THERMOSTATS (10)
PREMIUM ENERGY SAVINGS KITS (5)
SENSI SMART THERMOSTATS (10)
$100 SECO ELECTRIC BILL CREDITS (5)
LUX SMART THERMOSTATS (10)
SURGE MITIGATOR SURGE PROTECTION 1-YEAR LEASE (5)
RADIO SMART THERMOSTATS (10)
SMART POWER STRIPS (5)
ENERGY SAVINGS KITS PLUS (5)
AMAZON ECHO DOTS (4)
12-PACK LED LIGHT BULBS (5)
STARTER ENERGY-EFFICIENCY KITS (5)
Celebrate 25 Years of our Surge Protection Program with Free Installation
SECO Energy is celebrating 25 years of its Surge Protection Program with savings for you! We’re offering free installation for all new Surge MitiGator enrollments until May 31. That’s a $25 savings for you during our 25th Surge Protection Anniversary.
SECO’s made in the USA meter-based surge arrester has proven reliable over the past 25 years by reducing or eliminating surges BEFORE they enter your home through the meter. More than 40,000 members are already enrolled in the program.
The Surge MitiGator has a beastly 15-year warranty and is designed to protect your home’s large-motor appliances. Household appliances and sensitive electronics such as televisions and computers can be damaged or destroyed by power surges. These also require point-of-use devices that can be purchased at hardware or big-box retailers for adequate coverage.
Start at the meter base with the Surge MitiGator for the best protection. You can lease the MitiGator for only $5.95 plus tax per month with free installation – a $25 savings. The purchase price ranges from $349 to $399 plus tax – and this includes free installation. Visit SECOEnergy.com > Surge MitiGator and complete the webform to learn more or enroll during this limited free installation promotion.
Read the full March 2022 SECO News online.
