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Tag: Gene Kanikovsky

SECO Energy CEO Curtis Wynn Visits South Lake Chamber with Energy Industry Update

SECO Energy’s Chief Executive Officer Curtis Wynn breakfasted with the South Lake Chamber of Commerce and provided a company and energy industry update at its May 20 meeting held at the Clermont City Center. Mr. Wynn addressed local business owners and professionals who are integral to South Lake County’s population, commercial and industrial growth. Mr. Wynn provided the crowd with an update about SECO Energy and the current state of the energy industry.

 

Mr. Wynn was joined by SECO Energy senior leadership Tracy de Lemos, Deputy General Counsel; Gene Kanikovsky, CFO; and John LaSelva, Vice President of Reliability and Operations. Kathy Judkins, Senior Consultant for Civic, Charitable & Government Relations also attended the meeting along with Manager of Key Accounts & Revenue Programs Jeff Light and Amanda Richardson, Manager of Corporate Communications and Energy Services. South Lake Board Chair Aimee Stanley introduced Mr. Wynn.

 

Mr. Wynn hosted SECO Energy’s 84th Annual Meeting virtually on March 24 and was eager to share the “state of the company” news in person with the South Lake Chamber members. The overview included a review of rising cost of capital, maintenance expenses and the rising natural gas market that are causing rate and fuel cost pressure for SECO Energy and its members. Supply chain issues were covered in detail, along with the labor shortage that is affecting so many businesses across the county, state and the nation.

 

Industry-related topics like solar energy, technology advancements in metering and electric vehicle potential were also part of Mr. Wynn’s presentation at the Chamber and during the Virtual Annual Meeting. To hear from Mr. Wynn and to win one of five prizes SECO Energy members can watch the 2022 Virtual Annual Meeting video and answer the question at SECOEnergy.com by clicking on the homepage banner. Enter before June 15 for a chance to win one of the following prizes:

 

• $500 SECO Energy bill credit
• $250 SECO Energy bill credit
• Nest Learning Thermostat
• HoneyWell Wi-Fi Thermostat
• 2021 Apple TV HD

 

“Like” SECO Energy on Facebook and follow @SECOEnergy on Twitter for prize drawings, news releases, and severe weather alerts affecting SECO Energy’s service territory. Manage your outage notification preferences at StormCenter. To see when SECO Energy crews/contractors are working in your area, visit our new System Improvement Map. To learn more about SECO Energy as a not-for-profit cooperative, visit About SECO Energy.

 

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 in 1960 by 15 electric cooperatives that recognized the need for a dedicated supply partner. SECO Energy is one such member-owner of Gresco and thus earns allocated margins annually from Gresco based on that year’s supply purchases. The utility supply cooperative works with hundreds of utilities in the southeast to meet their need for electric and lighting products and services, tools, telecom, solar, EV charging stations and unmanned aircraft systems.

 

Todd McLellan, Gresco’s Senior Vice President of Supplier Relationships, is thankful for the continuing partnership between SECO Energy and Gresco. McLellan stated, “Gresco is proud to be the service provider SECO Energy expects. Cooperatives doing business with fellow cooperatives makes sense. Cooperation among Cooperatives is also one of the seven cooperative principles and is a foundation of Gresco and SECO’s business models.”

 

SECO Energy CFO Gene Kanikovsky stated, “SECO Energy counts on Gresco’s ability to deliver high-quality electric supplies during normal business operations and during critical times. Gresco is one of our most reliable partners. When recovering from Hurricane Irma and preparing for Hurricane Dorian, Gresco was behind us every time. We value our partnership with Gresco and are honored to be one of its member-owners.”

 

Gresco is SECO Energy’s premier supply partner. SECO Energy’s equity in the company is now over $10.5 million making it one of Gresco’s largest member-owners by equity.

 

As a not-for-profit electric cooperative, SECO Energy also returns a portion of its margins in the form of Capital Credits to current and former members. With Board of Trustee approval, current members will receive their Capital Credits retirement on their November billing statement. Current commercial and industrial members with retirements over $1,000 will receive a check as will former members who have a forwarding address on file with SECO.

 

Learn more about Capital Credits online. “Like” SECO’s Facebook page and “follow” @SECOEnergy on Twitter for news releases and cooperative updates.