Duncan’s Digest – 2021 “Just Business” Annual Meeting Recap We celebrated our 2021 “Just Business” 83rd Annual Meeting on Thursday, March 25. We opted to hold the event virtually to avoid the large crowd that traditionally gathers for our onsite Annual Meetings. If you couldn’t watch live, you can watch the full video […]
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Duncan’s Digest – Inverness Substation Upgrade SECO Energy’s service territory covers 2,100 square miles, which is about the size of Delaware. At year-end 2020, we were serving 216,477 homes and businesses in seven Central Florida counties. The bulk of our members live in Citrus, Lake, Marion and Sumter Counties, with smaller numbers of […]
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Duncan’s Digest – Retirement Announcement and 2021 “Just Business” Annual Meeting Dear Members, After 42 years at SECO Energy, I have formally announced my plan to retire as CEO in January 2022. I began my career with SECO in 1979 as the Director of Accounting and Finance. At that time, the cooperative […]
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Duncan’s Digest – Go Green and Win: Paperless Billing and Bank Draft SECO Energy is a not-for-profit electric cooperative whose purpose is to provide exceptional service to our members, co-workers and communities. We are a unique business that promotes less use of our product rather than more – we’re your partner in […]
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Duncan’s Digest – $36,000 Scholarship Program for 2021 HAPPY NEW YEAR! SECO Energy’s Board of Trustees has approved the 2021 SECO Scholarship Program. $36,000 is up for grabs to be split among 12 high school seniors interested in pursuing a career in the energy industry and living in a home served by SECO. […]
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Duncan’s Digest – 2021 United Way Pledge Drive SECO Energy employees have been exceptionally generous this year. Their philanthropic spirit is fostered by one of our Cooperative Principles: Concern for Community. Many employees, some who are not members themselves, have joined me in supporting SECO’s Pennies from Heaven charitable fund. Employee and member […]
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Duncan’s Digest – Capital Credits – Co-op Membership Pays $6.1 Million Last month I announced a higher member-favorable Power Cost Adjustment (PCA) or “Hot Bucks” credit. This month, I have more good financial news. During the September Trustees’ Meeting, your Board approved a record-high Capital Credit retirement of $6.1 million to current and […]
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Duncan’s Digest – Power Cost Adjustment Lowers Bills SECO Energy’s mission is to construct, maintain and restore the electric system that serves over 210,000 homes and businesses in the counties we serve. As a not-for-profit electric cooperative that operates for our members, we are proud to provide safe, reliable, affordable electric service and […]
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Duncan’s Digest – Pennies from Heaven – Your Pennies Change Lives To say that the first half of 2020 has been bizarre is an understatement. To assist members during the COVID-19 economic shutdown, SECO proactively waived late fees and suspended service disconnections for nonpayment. SECO also offered members flexible payment arrangement timeframes that […]
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Duncan’s Digest – Marion Oaks Substation Rebuild In the December 2019 edition of SECO News, I shared an overview of our $55 million 2020 construction work plan. I want to share an exciting project from the plan that is currently in progress. Recently, crews and contractors have begun the Marion Oaks […]
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