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SECO News November 2021

SECO Energy CEO, Jim DuncanJust 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 Electric Cooperative, Inc. in 1938. Since then, the cooperative has regularly retired/returned a portion of the cooperative’s equity to current and former members. In our 83 years in business, we have retired almost $80 million to current and former members.

 

Capital Credits is a concept that is unique to not-for-profit, cooperatively structured businesses. I have often talked about the differences between being a customer of an investor-owned or a municipal utility versus a cooperative member. Capital Credits is one of those differences.

 

Your monthly energy purchases build patronage capital. You and your fellow 220,000+ cooperative members own a portion of SECO’s equity. Ownership is defined through the annual process of allocating each member’s share of the co-op’s margins from the prior year. Individual Capital Credit allocations represent the percentage of the yearly amount of electric service purchased by each member.

 

Capital Credits are the accumulation of all prior years’ revenues after the co-op’s operating costs and expenses are paid. These credits are allocated on a pro-rata basis to each SECO member’s account as Capital Credits. Annually, SECO examines the cooperative’s financial position and makes a recommendation to the Board of Trustees on the “retirement” of Capital Credits. This year’s $6.46 million retirement means SECO is returning a portion of the cooperative’s equity to current and former members.

 

Look for a line item labeled “Capital Credit Ret” on your November billing statement. Active commercial account members with retirements over $600 will receive a check. Former members who receive a retirement over $10 will receive a check. If you move out of SECO’s service area, keep your mailing address updated so we can mail future Capital Credit retirements to your new address.

 

In the latest figures from the National Rural Electric Cooperative Association (NRECA), cooperatives power 56% of the nation’s landmass, including 2.7 million miles of electric distribution lines in 48 states. We are among over 900 electric distribution and generation and transmission cooperatives working together to maintain reliable, safe, affordable power to our local communities. That’s the cooperative difference.

 

SECO Energy members are more than just customers – they are owners as well. Thank you for your SECO Energy membership.

 

Sincerely,

 

Jim Duncan

Chief Executive Officer

 

SECO News November 2021 Advice From The Old Farmer's Almanac

ADVICE FROM THE OLD FARMER’S ALMANAC

Watch the 2021 – 2022 winter skies for amazing views of faraway planets. The Old Farmer’s Almanac recommends watching for Venus at its most brilliant in the early evening hours during December. Look for Venus, the Moon, Saturn and Jupiter coming together as a group during the month. Mercury will make its brightest appearance during the holidays. Catch glimpses of Mars in early January next to the crescent moon in the early morning hours. In February, Mars will be a dim orange below a twinkling Venus in the predawn hours. 2022 promises a year filled with eclipses bringing excitement to the morning and nighttime skies!

 

While you’re out stargazing in the evenings, be on the lookout for nocturnal animals. Read more about red foxes that are active, nocturnal animals on page 4.

 

 

SECO News November 2021 Toys For Tots

TOYS FOR TOTS

SECO Energy employees are playing Santa Claus again this year with our annual corporate Marine Corps Reserve Toys for Tots drive. Members are invited to join us in spreading Christmas cheer by donating a new, unwrapped toy for Toys for Tots. During November, our five Member Service Centers in Eustis, Groveland, Inverness, Ocala or Sumterville serve as public drop-off locations.

 

For many years, SECO employees have been incredibly generous in supporting Toys for Tots. Friendly competition has sprung up between offices and departments to collect the most bikes, trikes and toys. To bolster our corporate giving, SECO’s Pennies from Heaven program has pledged a $5,000 donation this year to complement our employees’ Toys for Tots donations.

 

SECO Energy’s Pennies from Heaven program rounds up members’ bills to the nearest dollar. The donated pennies help members who need bill payment assistance or donations for local charitable causes such as Toys for Tots. If you would like to join your fellow cooperative members in making a difference in our communities one penny at a time, visit SECOEnergy.com > Your Co-op > Pennies from Heaven to enroll in the program. Thank you in advance for your generosity.

 

Since 1947, Toys for Toys has been making a difference in the lives of families. Retired Marines and other volunteers operate Toys for Tots. Volunteers pick up donations and distribute the toys to children in need. All donated toys stay local and are distributed in the area they were donated.

 

Members who would like to register to receive toys donated through Toys for Tots can visit www.ToysforTots.org. Application dates vary by location.

 

 

 

 

SECO News February 2021 Winners' Circle

WINNERS CIRCLE

Engage with our virtual assistant Electra on the phone for a chance to win a $25 gift card. Winners who self-served using Electra are:

 

Leanna Hersey from Floral City

 

Linda Hodgson from Leesburg

 

Cherilyn Glass from Lady Lake

 

Conrad Penchion from Ocala

 

Phyllis Jones from Tavares

 

The latest winner of a SECO Energy Level 2 EV Charger is Ann White from Inverness. To enter, text “EV” to (352) 320-4500 for a link to enter. Or click on the EV Charger Giveaway homepage banner. Visit our Electric Vehicles website section to learn more about the benefits of owning an EV.

 

Winners in our Go Green and Win: Paperless Billing and Bank Draft Incentive

 

Jer-Shang Lin from Clermont is the winner of a $200 SECO Energy bill credit.

 

Alexandra Betancourt from Mascotte is the winner of a NEST thermostat.

 

Rebecca McCorkle from Bushnell is the winner of an Amazon Echo Dot with Alexa.

 

Congratulations to William Heinmiller from Clermont and Mauricio Trinidad from The Villages are the two winners of our EV Virtual Video Showcase drawing! To view the video, visit SECOEnergy.com > Energy Solutions > EV Virtual Showcase. The winners’ names were drawn from the list of all members who entered.

 

Congratulations to our recent winners!

 

Our winner of the generator whose name was draw in September is Rosendo Orozco from Summerfield – drawn from the list of all members enrolled in SECO Energy’s Surge MitiGator surge protection program.

 

Read the full November 2021 SECO News online.

SECO Energy Trustee Morgan Hatfield Earns Credentialed Cooperative Director Certificate

SECO Energy’s Board of Trustees District 9 Trustee Morgan Hatfield has earned her Credentialed Cooperative Director (CCD) Certificate from the National Rural Electric Cooperative Association (NRECA). Achieving the CCD certificate is the initial step in the NRECA’s Director Education Program.

 

According to the NRECA, directors/trustees seeking the CCD certification must complete five courses that focus on basic cooperative governance and the essential skills needed for cooperative directors/trustees. The CCD prepares directors/trustees to fulfill their fiduciary duty as elected officials serving on behalf of their membership. Upon completion of the five CCD required courses, directors/trustees are awarded the Credential Cooperative Director Certificate.

 

SECO Energy is a not-for-profit electric cooperative, operated for and owned by its members. SECO’s nine-member Board of Trustees consists of members who live in SECO’s service area. They are elected to oversee the governance of the cooperative. Each Trustee on the Board is elected by the members who reside in his/her District. Collectively, the Trustees are responsible for establishing, reviewing and revising corporate policies to ensure that SECO continues to preserve reliable, affordable service for all members.

 

Trustee Hatfield is proud of her accomplishment in earning the Credentialed Cooperative Director Certificate through the NRECA. Ms. Hatfield stated, “I am proud to have completed the first part of the NRECA’s Director Education Program by completing my Credentialed Cooperative Director certification. It’s an honor to serve as the District 9 representative on SECO Energy’s Board of Trustees, and I look forward to continuing my Board education through the NRECA.”

 

CEO Jim Duncan stated, “Congratulations, Trustee Hatfield, on earning your Credentialed Cooperative Director Certification as a major part completing the NRECA’s Director Education Program. I am thankful for your Board service and willingness to serve as your District’s representative on the SECO Energy Board of Trustees.”

 

To view a brief bio of SECO Energy’s Board of Trustees and a District boundaries map, visit our Board of Trustees page. “Like” SECO’s Facebook page and “follow” @SECOEnergy on Twitter for news releases and cooperative updates.

 

SECO Energy Trustee Gerald Anderson Earns Director Gold Credential

SECO Energy congratulates Board of Trustees’ Vice President and District 3 Trustee Gerald Anderson on earning his Director Gold Credential (DGC) from the National Rural Electric Cooperative Association (NRECA). The DGC offers a continuing education path for directors/trustees beyond the Credentialed Cooperative Director (CCD) and Board Leadership Certificate (BLC).

 

According to the NRECA, the DGC recognizes directors/trustees who desire a tangible credential that demonstrates their ongoing commitment to advancing their knowledge and performing their fiduciary duty to the best of their ability.

 

SECO Energy is a not-for-profit electric cooperative operated for and owned by its members. SECO’s nine-member Board of Trustees consists of members who live in SECO’s service area. They are elected to oversee the governance of the cooperative. Each Trustee on the Board is elected by the members who reside in his/her District. Collectively, the Trustees are responsible for establishing, reviewing and revising corporate policies to ensure that SECO continues to preserve reliable, affordable service for all members.

 

Trustee Anderson has completed the required coursework to earn both his CCD and BLC. Mr. Anderson stated, “Earning the Director Gold Credential from the NRECA is an exciting and rewarding educational opportunity that helps me fulfill my role on SECO Energy’s Board of Trustees. I am proud to represent the members in District 3 and the membership as a whole through my Board service.”

 

CEO Jim Duncan stated, “Congratulations, Trustee Anderson, on earning your Director Gold Credential and completing the NRECA’s director/trustee continuing education courses. I am thankful for your Board participation and willingness to serve as Board of Trustees’ Vice President and your District’s representative.”

 

To view a brief bio of SECO Energy’s Board of Trustees and a District boundaries map online. “Like” SECO’s Facebook page and “follow” @SECOEnergy on Twitter for news releases and cooperative updates.

SECO Energy Trustee Scott Boyatt Maintains Director Gold Credential

SECO Energy congratulates District 1 Trustee Scott Boyatt on maintaining his Director Gold Credential (DGC) from the National Rural Electric Cooperative Association (NRECA). Mr. Boyatt first earned his DGC in January 2019.

 

According to the NRECA, the DGC recognizes directors/trustees who desire a tangible credential that demonstrates their ongoing commitment to advancing their knowledge and performing their fiduciary duty to the best of their ability. The DGC offers a continuing education path for directors/trustees beyond the Credentialed Cooperative Director (CCD) and Board Leadership Certificate (BLC).

 

SECO Energy is a not-for-profit electric cooperative, operated for and owned by its members. SECO’s nine-member Board of Trustees consists of members who live in SECO’s service area. They are elected to oversee the governance of the cooperative. Each Trustee on the Board is elected by the members who reside in his/her District. Collectively, the Trustees are responsible for establishing, reviewing and revising corporate policies to ensure that SECO continues to preserve reliable, affordable service for all members.

 

Trustee Boyatt lives in Clermont and has been a SECO member since 2004. Mr. Boyatt was first elected to the Board of Trustees in 2013.

 

Trustee Boyatt stated, “I am proud to continue my Board education through the NRECA. As the District 1 Trustee, the Board education classes are an essential component of my Board service. I am grateful for the trust District 1 members have placed in me to represent them on SECO’s Board of Trustees. I look forward to SECO Energy’s continued success.”

 

CEO Jim Duncan stated, “Congratulations, Trustee Boyatt, on maintaining your Director Gold Credential and completing the NRECA’s director/trustee continuing education courses. I am thankful for your Board service and willingness to serve as your District’s representative on the SECO Energy Board.”

 

To view a brief bio of SECO Energy’s Board of Trustees and a District boundaries map, visit our Board of Trustees page. “Like” SECO on Facebook and “follow” @SECOEnergy on Twitter for news releases and cooperative updates.

SECO Energy Trustee Richard Dennison Maintains Director Gold Credential

SECO Energy congratulates its Board of Trustees President and District 4 Trustee Richard Dennison on maintaining his Director Gold Credential (DGC) from the National Rural Electric Cooperative Association (NRECA). Mr. Dennison first earned his DGC in May 2018.

 

According to the NRECA, the DGC recognizes directors/trustees who desire a tangible credential that demonstrates their ongoing commitment to advancing their knowledge and performing their fiduciary duty to the best of their ability. The DGC offers a continuing education path for directors/trustees beyond the Credentialed Cooperative Director (CCD) and Board Leadership Certificate (BLC).

 

SECO Energy is a not-for-profit electric cooperative, operated for and owned by its members. SECO’s nine-member Board of Trustees consists of members who live in SECO’s service area. They are elected to oversee the governance of the cooperative. Each Trustee on the Board is elected by the members who reside in his/her District. Collectively, the Trustees are responsible for establishing, reviewing and revising corporate policies to ensure that SECO continues to preserve reliable, affordable service for all members.

 

Trustee Dennison currently serves in an officer position as President of the Board of Trustees. Mr. Dennison lives in Ocala and has been a SECO member since 1999. Mr. Dennison was first elected to the Board of Trustees in 2015.

 

Trustee Dennison stated, “I am honored to serve as SECO Energy’s Board of Trustees President and District 4 Trustee. The continuing education program through the NRECA helps me to build upon my experience as a Trustee. SECO Energy is a world-class leader in customer satisfaction, and I am proud to be a part of its success.”

 

CEO Jim Duncan stated, “Congratulations, Trustee Dennison, on maintaining your Director Gold Credential and completing the NRECA’s director/trustee continuing education courses. I am thankful for your Board service and willingness to serve as your District’s representative and President of the SECO Energy Board.”

 

To view a brief bio of SECO Energy’s Board of Trustees and a District boundaries map, visit our Board of Trustees page. “Like” SECO on Facebook and “follow” @SECOEnergy on Twitter for news releases and cooperative updates.

SECO Energy Trustee Gerald Anderson Earns Board Leadership Certificate

SECO Energy congratulates District 3 Trustee Gerald Anderson on earning his Board Leadership Certificate (BLC) from the National Rural Electric Cooperative Association (NRECA). The BLC is the second part of the NRECA’s Director Education Program. Mr. Anderson currently serves as Secretary/Treasurer on SECO’s Board of Trustees.

 

According to the NRECA, directors/trustees seeking the BLC must first complete the Credentialed Cooperative Director (CCD) certification. The BLC consists of a series of courses focusing in greater depth on specific industry and governance issues. These include issues such as risk management, power supply, parliamentary procedure, technology and policy development.

 

SECO Energy is a not-for-profit electric cooperative, operated for an owned by its members. SECO’s nine-member Board of Trustees consists of members who live in SECO’s service area. They are elected to oversee the governance of the cooperative. Each Trustee on the Board is elected by the members who reside in his/her District. Collectively, the Trustees are responsible for establishing, reviewing and revising corporate policies to ensure that SECO continues to preserve reliable, affordable service for all members.

 

Trustee Anderson who earned his CCD certification in November 2019 is proud to continue his education through the NRECA. Mr. Anderson stated, “I am excited to continue my NRECA Board education programs to better serve the members in District 3 and the SECO membership as a whole. The next step in my education plan is earning the Director Gold credential. It is an honor to serve on the SECO Energy’s Board of Trustees with my fellow elected cooperative members.”

 

CEO Jim Duncan stated, “Congratulations, Trustee Anderson, on earning your Board Leadership Certificate. I am thankful for your Board service and willingness to serve as your District’s representative on the SECO Energy Board as in an officer role as Secretary/Treasurer.”

 

View our Board of Trustees page for a brief bio of SECO Energy’s Board of Trustees and a District boundaries map. “Like” SECO’s Facebook page and “follow” @SECOEnergy on Twitter for news releases and cooperative updates.

SECO Energy Trustee Mike Muffett Earns Credentialed Cooperative Director Certificate

SECO Energy congratulates District 6 Trustee Mike Muffett on earning his Credentialed Cooperative Director (CCD) Certificate from the National Rural Electric Cooperative Association (NRECA). The CCD is the first part of the NRECA’s Director Education Program.

 

According to the NRECA, directors/trustees seeking the CCD certification must complete five courses that focus on basic cooperative governance and the essential skills required of cooperative directors/trustees. The CCD prepares directors/trustees to fulfill their fiduciary duty as elected officials serving on behalf of their membership. Upon completion of the five CCD required courses, directors/trustees are awarded the Credential Cooperative Director Certificate.

 

SECO Energy is a not-for-profit electric cooperative, operated for an owned by its members. SECO’s nine-member Board of Trustees consists of members who live in SECO’s service area. They are elected to oversee the governance of the cooperative. Each Trustee on the Board is elected by the members who reside in his/her District. Collectively, the Trustees are responsible for establishing, reviewing and revising corporate policies to ensure that SECO continues to preserve reliable, affordable service for all members.

 

Trustee Muffett is proud earn the Credentialed Cooperative Director Certificate through the NRECA. Mr. Muffett stated, “I am proud to have completed the education requirement to earn the Credentialed Cooperative Director certification through the NRECA. I am extremely honored that the members of District 6 have put their trust in me to represent them on the SECO Energy Board of Trustees. I look forward to continuing my Board education through the NRECA.”

 

CEO Jim Duncan stated, “Congratulations, Trustee Muffett, on earning your Credentialed Cooperative Director Certification. I am thankful for your Board service and willingness to serve as your District’s representative on the SECO Energy Board.”

 

View our Board of Trustees page for a brief bio of SECO Energy’s Board of Trustees and a District boundaries map. “Like” SECO’s Facebook page and “follow” @SECOEnergy on Twitter for news releases and cooperative updates.

SECO Energy Trustee Joyce Anderson Earns Credentialed Cooperative Director Certificate

SECO Energy congratulates District 2 Trustee Joyce Anderson on earning her Credentialed Cooperative Director (CCD) Certificate from the National Rural Electric Cooperative Association (NRECA). The CCD is the first part of the NRECA’s Director Education Program.

 

According to the NRECA, directors/trustees seeking the CCD certification must complete five courses that focus on basic cooperative governance and the essential skills required of cooperative directors/trustees. The CCD prepares directors/trustees to fulfill their fiduciary duty as elected officials serving on behalf of their membership. Upon completion of the five CCD required courses, directors/trustees are awarded the Credential Cooperative Director Certificate.

 

SECO Energy is a not-for-profit electric cooperative, operated for, and owned by its members. SECO’s nine-member Board of Trustees consists of members who live in SECO’s service area. They are elected to oversee the governance of the cooperative. Each Trustee on the Board is elected by the members who reside in his/her District. Collectively, the Trustees are responsible for establishing, reviewing and revising corporate policies to ensure that SECO continues to preserve reliable, affordable service for all members.

 

Trustee Anderson is proud to represent her District on SECO Energy’s Board of Trustees. Mrs. Anderson stated, “I am excited to further pursue my Board education through the NRECA in order to fully represent the members in District 2. My former experience in the utility industry has prepared me for my role on SECO’s Board of Trustees. I am proud to complete the Credentialed Cooperative Director certification and look forward to continuing my Board education.”

 

CEO Jim Duncan stated, “Congratulations, Trustee Anderson, on earning your Credentialed Cooperative Director certification. I am thankful for your Board service and willingness to serve as your District’s representative on the SECO Energy Board and to serve as one of our co-op’s representatives on the Florida Electric Cooperatives Association board.”

 

View our Board of Trustees page for a brief bio of SECO Energy’s Board of Trustees and a District boundaries map. “Like” SECO’s Facebook page and “follow” @SECOEnergy on Twitter for news releases and cooperative updates.

SECO Energy Trustee Joseph Kusiak Earns Director Gold Credential

SECO Energy congratulates District 7 Trustee Joseph Kusiak on earning his Director Gold Credential (DGC) from the National Rural Electric Cooperative Association (NRECA). The DGC offers a continuing education path for directors/trustees beyond the Credentialed Cooperative Director (CCD) and Board Leadership Certificate (BLC).

 

According to the NRECA, the DGC recognizes directors/trustees who desire a tangible credential that demonstrates their ongoing commitment to advancing their knowledge and performing their fiduciary duty to the best of their ability.

 

SECO Energy is a not-for-profit electric cooperative, operated for, and owned by its members. SECO’s nine-member Board of Trustees consists of members who live in SECO’s service area. They are elected to oversee the governance of the cooperative. Each Trustee on the Board is elected by the members who reside in his/her District. Collectively, the Trustees are responsible for establishing, reviewing and revising corporate policies to ensure that SECO continues to preserve reliable, affordable service for all members.

 

Trustee Kusiak completed the required education credits to earn both his CCD and BLC in November 2019 and is proud to complete the credits for the Director Gold Credential. Mr. Kusiak stated, “I am proud to have completed the education requirements to earn the Director Gold Credential from the NRECA. Serving on SECO Energy’s Board of Trustees and garnering the trust of the members in District 7 is an honorable and rewarding experience. I look forward to continuing my Board service and celebrating SECO’s future success.”

 

CEO Jim Duncan stated, “Congratulations, Trustee Kusiak, on earning your Director Gold Credential and completing the NRECA’s director/trustee continuing education courses. I am thankful for your Board service and willingness to serve as your District’s representative on the SECO Energy Board and to serve as one of our co-op’s representatives on the Florida Electric Cooperatives Association board.”

 

View our Board of Trustees page for a brief bio of SECO Energy’s Board of Trustees and a District boundaries map. “Like” SECO’s Facebook page and “follow” @SECOEnergy on Twitter for news releases and cooperative updates.

SECO Energy Awarded 5-Star Status in ‘Co-ops Vote’ National Program

SECO Energy announced today it has been named a “5-Star Co-op” by the National Rural Electric Cooperative Association (NRECA). NRECA is the national organization that represents the nation’s 900+ not-for-profit, consumer-owned electric cooperatives. With 42 million members in 48 states, electric co-ops can stand together as a powerful voice in this year’s elections.

 

The 5-star designation recognizes SECO Energy’s high level of participation in Co-ops Vote, a national get-out-the-vote campaign. The non-partisan campaign seeks to engage voters and boost turnout in areas served by electric co-ops. The 5-star status marks the highest level of engagement in Co-ops Vote and is achieved when a participating co-op completes five or more program activities.

 

SECO Energy CEO Jim Duncan stated, “Voting is an important right that too many citizens across the nation don’t embrace but SECO is fortunate to have a higher-than-average level of participation in the Central Florida counties we serve. Elections are important and SECO uses the Co-ops Vote program to increase awareness of civic duty on Election Day and every day. We’re honored to be recognized by NRECA for being a Co-ops Vote award winner.”

 

SECO Energy encourages member participation in the democratic process on a local, state and federal level. The cooperative’s members can find out more about legislation affecting the energy industry, how to register and where to cast their vote by visiting our Legislative Corner.

 

The Co-ops Vote program makes a difference in the communities SECO serves by giving a voice to SECO Energy members related to issues affecting affordable, reliable electric service. Learn more about Co-ops Vote and subscribe to updates at Vote.coop.The seven cooperative principles include the premise of participation in the political process. As a not-for-profit electric cooperative, SECO supports these principles and encourages its members to engage in the political process and make their voices heard at the local, state and national level.

 

“Like” SECO’s Facebook page and “follow” @SECOEnergy on Twitter for news releases and cooperative updates.