SECO Energy Returns $6.1 Million to Members

SECO Energy Returns $6.1 Million to Members

SECO Energy has positive financial news for its 210,000+ members. The not-for-profit electric cooperative is retiring a record $6.1 million in Capital Credits to current and former members. During the September Board Meeting, the SECO Board approved the record-high $6.1 million Capital Credit retirement.   Current members will see their portion of the retirement on […]

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SECO News, November 2020

SECO News, November 2020

  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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SECO News, March 2020

SECO News, March 2020

  Duncan’s Digest – SECO Energy’s 82nd Annual Meeting   Our 82nd Annual Meeting is Saturday, March 28, at 293 S. US Highway 301 in Sumterville. Registration opens at 8 a.m. and the Business Meeting begins at 10:30 a.m. The live prize drawing is held after the Business Meeting and wraps up around noon.   […]

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SECO Energy District 4 Members Re-elect Trustee Richard Dennison

SECO Energy District 4 Members Re-elect Trustee Richard Dennison

SECO Energy members residing in District 4 re-elected incumbent Trustee Richard Dennison. A large crowd of District 4 members gathered at the Marion Oaks Community Center on February 20 to elect a Trustee to represent their District on SECO’s Board of Trustees. Mr. Dennison currently holds an officer position on the Board as Vice President. […]

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SECO Energy Returns $3.5 Million to Current and Former Members

SECO Energy Returns $3.5 Million to Current and Former Members

Just in time for the holiday season, SECO Energy’s Board of Trustees approved a Capital Credits return (retirement) of $3.5 million to current and former members. Since SECO Energy was founded in 1938 as Sumter Electric Cooperative, Inc., the cooperative has retired more than $66.8 million to current and former members.   SECO Energy is […]

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SECO Energy Trustee Richard Belles Resigns

SECO Energy Trustee Richard Belles Resigns

SECO Energy announced today that District 3 Trustee Richard Belles has resigned from the Board of Trustees. Belles was elected initially in 2013 and has been a SECO Energy member since 2001.   Per the SECO Energy Bylaws, the cooperative will hold a special District 3 Meeting in the near future to elect a new […]

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Members Re-elect District 3 Trustee Richard Belles

Members Re-elect District 3 Trustee Richard Belles

SECO Energy District 3 members gathered at The Villages’ Savannah Center on Thursday, January 24 to elect a Trustee to represent their District on SECO’s Board. Members voted to re-elect District 3 Trustee Richard Belles. A SECO member since 2001, Mr. Belles was first elected to the Board in 2013.   SECO Energy is a not-for-profit electric […]

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SECO Energy Board of Trustees Elects 2018 Officers

SECO Energy Board of Trustees Elects 2018 Officers

SECO Energy’s Board of Trustees elected its 2018 officers during the regularly scheduled Trustees’ Meeting on Monday, April 23. The Board voted District 9 Trustee Jerry Hatfield as President; District 4 Trustee Richard Dennison as Vice President; and District 8 Trustee Bill James as Secretary-Treasurer.     As a not-for-profit electric cooperative, SECO Energy is […]

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Members Re-elect District 8 Trustee Bill James

Members Re-elect District 8 Trustee Bill James

On Thursday, February 1, members who attended the District Meeting voted to re-elect Bill James to represent District 8 on SECO Energy’s Board of Trustees. James became a SECO member in 2002 and was first elected to the Board in 2010.   SECO Energy is a not-for-profit electric cooperative, operated for and owned by its […]

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