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 News, November 2019

SECO News, November 2019

Money doesn’t grow on trees and pigs don’t fly, but you can take your Capital Credits return to the bank. This month, SECO Energy is making you and your wallet a little happier. During its October meeting, SECO’s Board of Trustees approved a Capital Credits return (retirement) of $3.5 million to current and former members. […]

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SECO Energy Earns Capital Credits Through Gresco Partnership

SECO Energy Earns Capital Credits Through Gresco Partnership

SECO Energy and fellow not-for-profit cooperative Gresco Utility Supply based out of Forsyth, Georgia have a long-standing partnership that continues to pay off for SECO and its members. Gresco presented SECO a check for $265,617 that represents SECO’s share of Gresco’s current Capital Credit retirement cycle.   Gresco is a cooperatively-owned business that was formed […]

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CEO Jim Duncan Celebrates 40 Years with SECO Energy

CEO Jim Duncan Celebrates 40 Years with SECO Energy

CEO Jim Duncan is celebrating 40 years with SECO Energy. On June 10, 1979, Duncan joined SECO (then referred to as Sumter Electric Cooperative, Inc.) in the position of Director of Accounting and Finance. He held this position until March of 1990 when he accepted the position of Chief Executive Officer (CEO). As the leader […]

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SECO News, November 2018

SECO News, November 2018

DUNCAN’S DIGEST   CAPITAL CREDITS   They say money doesn’t grow on trees, but as a member, your 2018 Capital Credits retirement has sprouted and arrives in your November bill.   You, along with 200,000+ residents are members of a not-for-profit cooperative founded in 1938 as Sumter Electric Cooperative with just 500 members. Things have […]

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SECO Energy Board Compensation Statement

SECO Energy Board Compensation Statement

SECO Energy was founded in 1938 as Sumter Electric Cooperative, Inc., a small not-for-profit rural electric utility serving a few hundred folks in the Webster area. Over the years, sound financial management, appropriate governance policies and economic growth in Central Florida have resulted in the cooperative doing business today as a fiscally sound SECO Energy […]

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SECO News, February 2018

SECO News, February 2018

Members, mark your calendar and plan to attend SECO Energy’s 80th Annual Meeting of the Membership on Saturday, March 24, where we will celebrate hitting our 200,000 meter milestone. I hope you’ll come celebrate with us.   The event is centrally located at our Sumterville Compound at 293 S. Highway 301. Registration opens at 8 […]

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SECO News, November 2017

SECO News, November 2017

  Duncan’s Digest Greener Grid – More Megawatts   SECO Energy’s purpose is “To provide exceptional service to our members, co workers and communities.” The very foundation of that purpose requires developing long-range energy supply plans for the future. Looking ahead, not-for-profit utilities like SECO Energy must adapt to the changing landscape of energy production, […]

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SECO Earns Capital Credits from Gresco

SECO Earns Capital Credits from Gresco

SECO Energy’s customers are member-owners and SECO – like its members – is a member-owner of other cooperatively structured businesses.   GRESCO is one-such cooperatively owned business that is one of SECO’s premier partners. GRESCO is the cooperatives key utility supplier – the company stocks equipment and supplies to help SECO meet its ever-growing power […]

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SECO News, November 2016

SECO News, November 2016

  Duncan’s Digest Most people would equate a company giving money back to their consumers with flying pigs. However, SECO Energy is different. As a not-for-profit electric cooperative owned by our members, pigs really do fly this time of year – putting money back in your pocket with another record Capital Credit retirement.   Here’s […]

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