SECO News March 2022

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 […]

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Gresco Partnership Pays Capital Credits to SECO Energy

Gresco Partnership Pays Capital Credits to SECO Energy

SECO Energy has a long-standing partnership with fellow not-for-profit cooperative Gresco Utility Supply that benefits SECO members in the form of Capital Credits. Gresco’s Senior Vice President of Supplier Relationships Todd McLellan presented CEO Jim Duncan with a check for $336,327 that represents SECO’s share of Gresco’s current Capital Credit retirement cycle.   Gresco Utility […]

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SECO News November 2021

SECO News November 2021

Just in time for the Christmas season, SECO Energy members are cashing in on Capital Credits. At the September Trustees’ Meeting, your Board approved another record-high Capital Credit retirement of $6.46 million to current and former members. Your Capital Credit retirement amount appears on your November billing statement.   SECO Energy was founded as Sumter […]

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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 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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