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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In mid-September when Hurricane Sally left thousands of Florida Panhandle residents without power, SECO Energy answered Escambia River Electric Cooperative’s (EREC) call for assistance. On September 17, thirteen SECO employees departed in a caravan of trucks bound for EREC’s service area to aid in power restoration. After five days of repairing damage and restoring […]
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SECO Energy is reopening its five Member Service Centers to walk-in traffic on Monday, October 5. To promote the health and wellbeing of SECO members, employees and contractors, SECO encourages visitors who enter a Service Center to wear a face mask. For members who want to continue limiting face-to-face interactions, all SECO Member Service […]
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SECO Energy is once again lowering the cost of electric service. The not-for-profit electric cooperative will apply a higher member-favorable Power Cost Adjustment (PCA) to members’ bills beginning October 1, 2020. The PCA calculation appears on monthly statements as a line item titled “Hot Bucks.” Since January 1, 2020, SECO’s rate for the first […]
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SECO Energy is sending crews to aid in power restoration after Hurricane Sally left thousands without power in the Florida Panhandle. Thirteen SECO employees left the Ocala Operations Center early this morning traveling to Escambia River Electric Cooperative (EREC) in Jay, Florida. Hurricane Sally made landfall in Gulf Shores, Alabama as a CAT 2 […]
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Duncan’s Digest – Pennies from Heaven – Your Pennies Change Lives To say that the first half of 2020 has been bizarre is an understatement. To assist members during the COVID-19 economic shutdown, SECO proactively waived late fees and suspended service disconnections for nonpayment. SECO also offered members flexible payment arrangement timeframes that […]
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SECO Energy continues to monitor Tropical Storm Isaias as it moves along Florida’s east coast. The storm was downgraded from a Category 1 hurricane to a tropical storm early Sunday morning. The current track brings the storm close to Jupiter and Melbourne. The National Hurricane Center (NHC) forecasts that Tropical Storm Isaias will no […]
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SECO Energy is prepared for Hurricane Isaias as its projected track shifts east, tracking the storm slightly farther away from Florida’s east coast. Currently, Hurricane Isaias is a Category 1 storm with winds up to 85 mph. The National Hurricane Center (NHC) forecasts that the storm will likely travel along Florida’s east coast toward […]
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The Villages Democratic Club has donated $3,000 to SECO Energy’s Pennies from Heaven program. These funds will help SECO members affected by the COVID-19 economic shutdown with electric bill payment assistance. Like most electric service providers in the state, SECO Energy responded in March to the COVID-19 shutdown with understanding and flexibility by waiving […]
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