SECO Energy’s Board of Trustees recently voted to hire a new CEO to step into the shoes of retiring CEO Jim Duncan, who led the cooperative as CEO for most of his long and distinguished 43-year tenure. SECO Energy currently provides electric service to 220,000 homes and businesses across seven counties in fast-growing Central Florida. […]
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The SECO Energy Board of Trustees elected three officers at the Board of Trustees Meeting on Monday, March 29. President and District 4 Trustee Richard Dennison was elected to continue his tenure as Board President. District 3 Trustee Gerald Anderson who had previously served as Secretary/Treasurer was elected as the Board Vice President and District […]
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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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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 – 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 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 members residing in District 2 elected Joyce Anderson as their new Trustee. District 2 members gathered at the Sumter County School Board building on February 11 to elect a Trustee to represent their District on SECO’s Board of Trustees. Ms. Anderson lives in Sumterville and is the first woman to be elected to […]
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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 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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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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