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SECO Energy Celebrates 84th Annual Meeting Virtually

SECO Energy held its 84th Annual Meeting of the Membership on March 24, at 4:30 p.m. for a virtual crowd of members and guests. This is the third virtual meeting since 2020 when COVID restrictions cautioned against holding large gatherings. The cooperative’s exceptional member growth has resulted in what could potentially become an unmanageable situation if a small percentage of the 500,000 SECO members and their guests accepted our invitation to come and enjoy the traditional festivities hosted on our campus, which only has an 8,000-to-10,000-person meeting capacity.

 

Hundreds of members tuned in via live webcast, Facebook live and YouTube to watch the cooperative’s Virtual Business Only Annual Meeting. Since the meeting content remains available on SECOEnergy.com, even more are viewing the meeting after-the-fact at their leisure.

 

Board of Trustees President and District 4 Trustee Richard Dennison called the Meeting to order and closed the voting platform at 4:30 p.m. Board of Trustees Vice President and District 3 Trustee Gerald Anderson led the virtual audience in the Pledge of Allegiance and the National Anthem. SECO’s VP of Corporate Communications and Energy Services Kathryn Gloria led the invocation, introduced the Trustees, and welcomed District 5 Trustee-elect Shannon Wright, who will begin her duties at the Trustees’ Meeting on Monday, March 28. Ms. Gloria also introduced CEO Curtis Wynn and Cooperative Attorney Scott Gerken. Board of Trustees Secretary/Treasurer and District 2 Trustee Joyce Anderson certified the Official Annual Meeting Notice that was delivered timely to all cooperative members per the terms of the Bylaws.

 

Mr. Dennison’s President’s Report opened with a welcome to the virtual audience. He thanked the members who voted electronically, in person, by phone or by mail, and announced that SECO achieved a quorum by virtue of votes cast on Annual Meeting business. Mr. Dennison stated, “Florida cooperatives are required by statute to hold an Annual Meeting and must achieve a quorum to conduct official business. I am happy to announce that member voting participation has indeed helped us achieve a quorum this year. Thank you so much to all who cast a vote this year.”

 

Mr. Dennison also introduced SECO Energy’s new CEO Curtis Wynn. President Dennison stated, “Mr. Wynn was hired by the board last year and joined us in December. His energy industry career is rooted in Florida. From 1981 to 1997, he worked at West Florida Electric Cooperative. Mr. Wynn also served for 24 years as President and CEO of Roanoke Electric Cooperative in North Carolina. Mr. Wynn’s resume reflects a long list of awards and accomplishments showing a history of supporting creative solutions that are turning the challenges of the energy industry evolution into major opportunities.”

 

Following the President’s Report, CEO Curtis Wynn began his report. Wynn provided the membership an impressive list of recently completed and upcoming projects under consideration at SECO Energy.

 

Mr. Wynn also expressed SECO’s commitment to maintaining and upgrading its existing electric facilities to serve current members while constructing new electric infrastructure to fulfill new growth and development needs.

 

Mr. Wynn stated, “With growth rates averaging nearly 40% in our three largest counties (Sumter, Lake and Marion), we must have the following five elements in place to viably keep pace with the growth in SECO Energy’s service territory: 1) the financial capability, 2) SECO staffing, 3) stable contract labor, 4) material & equipment supply chain consistency and 5) competitive wholesale power costs.”

 

Wynn continued, “SECO’s financial position is strong but the growth we are experiencing and the major investments that come with this growth challenge our commitment to preserve reliable and affordable service. At yearend 2021, SECO Energy added 5,770 new meters, which brings our total active meter or service count to 222,188. To support the growth in our area and increasing demand for energy, our investment in facilities topped over $1 billion. This ongoing facilities investment averages over $6 million per month.”

 

The CEO Report also mentioned being challenged by supply-chain shortages and talked about the wholesale power provider’s (Seminole Electric Cooperative’s) shift to a larger portion of its portfolio generating from natural gas and renewables. He continued by emphasizing that the natural gas market is affected like the oil market. The Energy Information Administration estimates that the wholesale spot price of natural gas in 2022, will reach an eight-year high. That market volatility will affect the cost of Seminole’s production of power and ultimately will reflect on members’ bills through the Power Cost Adjustment (PCA) factor as of April 1.

 

Wynn announced the SECO Energy Board of Trustees has approved taking steps to implement an Advanced Metering Infrastructure (AMI) project. Wynn stated, “SECO is one of a very few large, fast-growing utilities in the state or in the nation for that matter that has not deployed AMI throughout our system. We are in the midst of two pilot projects to test the viability of deploying AMI in our service territory. As we move to the completion of these, we are now preparing to decide on a vendor with whom we will work to deploy the AMI technology that will help us improve our operations in a variety of ways.” Wynn concluded his remarks by acknowledging the Board of Trustees’ service, his staff’s unwavering support and the 400+ SECO Energy employees’ commitment to serving the members and surrounding communities in a safe and professional manner.

 

Cooperative Attorney Scott Gerken certified the 2022 Annual Meeting voting results. In total, 8,952 members voted on 2022 Annual Meeting business which was approval of the 2021 Annual Meeting Minutes, which entailed 8,635 members voting “Yes,” 39 members voting “No,” and 278 members abstaining. Mr. Gerken announced, “The membership clearly approves the 2021 Annual Meeting Minutes.”

 

SECO Energy established a special phone number, email address and social media presence for the Virtual Annual Meeting. A panel of SECO employees interacted with members who posed questions and comments that were read and answered during the meeting by CEO Curtis Wynn and members of the senior staff.

 

The meeting ended with the announcement of prize winners. All members who voted on Annual Meeting Business were entered into the random drawing for one of 100 prizes. Shawn Matthew from The Villages won the 2012 Chevy Colorado Extended Cab. Geoffrey White from The Villages won the 2019 EZGO golf cart. The three $1,000 winners are Susan Roberts from Deland, Beverly Dearden from Inverness, and Morton Finkelstein from Ocala. Elizabeth Estavanko from The Villages won the Generac generator. Other prizes including SECO bill credits, Nest learning thermostats, energy-efficiency kits, HoneyWell smart thermostats and more will be shipped directly to winners. SECO will arrange for delivery of grand prizes. View the complete list of prize winners.

 

A complete video of the program is available at SECOEnergy.com, Facebook and YouTube.

 

“Like” SECO’s Facebook page and “follow” @SECOEnergy on Twitter for member contests, news releases, cooperative updates and severe weather alerts affecting SECO Energy’s service territory. Visit SECOEnergy.com>Your Co-op>About SECO to learn more about SECO Energy.

 

SECO Energy Celebrates 83rd Annual Meeting Virtually

SECO Energy celebrated its “Just Business” 83rd Annual Meeting of the Membership on Thursday, March 25. Because of the continuing COVID-cautious environment and the need to limit large gatherings, the not-for-profit cooperative held the Just Business Meeting virtually.

 

Members tuned in via Facebook live, YouTube and live stream to watch the cooperative’s second virtual Annual Meeting. Board President and District 4 Trustee Richard Dennison called the Meeting to order and closed the voting platform at 4:30 p.m. SECO’s VP of Corporate Communications and Energy Services Kathryn Gloria led the invocation and asked the virtual audience to join her in the Pledge of Allegiance and the National Anthem. Ms. Gloria introduced the Trustees and welcomed District 9 Trustee-elect Morgan Hatfield, who began her duties at the Trustees’ Meeting on Monday, March 29. Ms. Gloria also introduced CEO Jim Duncan, Cooperative Attorney Scott Gerken and Executive Administrator to the CEO and Board Nora Brown, who served as Recording Secretary during the Meeting. Board Secretary/Treasurer and District 3 Trustee Gerald Anderson certified the Official Annual Meeting Notice that was mailed to all cooperative members per the terms of the Bylaws.

 

Mr. Dennison began his President’s Report by welcoming the virtual audience. He thanked the members who voted electronically, in person, by phone or by mail, and announced that SECO achieved a quorum by virtue of votes cast on Annual Meeting business. Mr. Dennison stated, “Florida cooperatives are required by statute to hold an Annual Meeting and must achieve a quorum to conduct official business. I am happy to announce that member voting participation has indeed helped us achieve a quorum this year. Thank you so much to all who cast a vote this year.”

 

Following the President’s Report, CEO Jim Duncan began his CEO Report. Mr. Duncan welcomed the virtual audience, performed the traditional military salute and first responders’ recognition. He acknowledged the Board of Trustees’ service and employees’ hard work and dedication to members.

 

Mr. Duncan also formally announced his plan to retire as CEO. Duncan stated, “Today is bittersweet for me. Earlier this year, I conveyed to the Board my plan to retire from SECO Energy in January 2022. That making the 83rd Annual Meeting my last as CEO. The decision to retire was a difficult and emotional one. My wife Connie and I have been married for 53 years, and we are looking forward to more vacations, scuba diving and family time with our sons and grandchildren.”

 

CEO Duncan’s state of the company address included an overview of his 42-year SECO career, the cooperative’s financial health, significant meter growth and reliability improvements during his tenure as CEO. Duncan stated, “Much has changed during my three decades as CEO. If you’ve been a member for decades, you may remember the days when our unflattering but true moniker ‘Sometimes Sumter’ was coined. Not only was our reliability marginal, but our rates were also some of the highest in the state. During my tenure as CEO, we dramatically improved service reliability through increased investments in our electric infrastructure and a strengthened vegetation management program.”

 

Cooperative Attorney Scott Gerken certified the 2021 Annual Meeting voting results. In total, 4,576 members voted on 2021 Annual Meeting business. As to the 2021 Bylaws Revision: 4,263 members voted “Yes,” 93 members voted “No,” and 220 members abstained. As to the 2020 Annual Meeting Minutes approval: 4,368 members voted “Yes,” 7 members voted “No,” and 201 members abstained. Mr. Gerken announced, “The membership clearly approves the 2021 Bylaws Revision and 2020 Annual Meeting Minutes.”

 

SECO Energy established a special phone number, email address and social media presence for the Virtual Annual Meeting. A panel of SECO employees interacted with members who posed questions and comments that were read and answered during the meeting by CEO Jim Duncan.

 

Mr. Duncan concluded the Virtual Annual Meeting by saying, “I appreciate you joining us and participating in the cooperative governance process.” He reminded members to stay tuned for the live prize drawing.

 

The meeting ended with the announcement of prize winners. All members who voted were entered into the random drawing for 100 prizes. Russell Rager from Tavares won the 2011 GMC Canyon 4X4 Extended Cab. A commercial member under The Stardust Collection account from Lake Panasoffkee won the golf cart that was provided at cost by The Villages Golf Cars. The four $1,000 winners are James Wilson from The Villages, Christine Hankla from The Villages, Kenneth A. Merritt from Center Hill and Leonard J. George from The Villages. Other prizes including Apple TVs, Instapots, toolsets, Amazon Fire tablets and airfryers will be shipped directly to winners. SECO will arrange for delivery of grand prizes. View the complete list of prize winners.

 

“Like” SECO’s Facebook page and “follow” @SECOEnergy on Twitter for news releases and cooperative updates. If you missed the virtual meeting, visit SECOEnergy.com>Your Co-op>Annual Meeting to view the video.

Hundreds tune in to SECO Energy’s First Virtual Annual Meeting

SECO Energy hosted its first Virtual Annual Meeting on Saturday, March 28. Hundreds of members tuned in to watch the live stream of the cooperative’s 82nd Annual Meeting, and nearly 8,000 members voted on Annual Meeting business prior to the start of the virtual meeting.

 

SECO Energy decided in early March to significantly change the format of the traditional on-site Annual Meeting to a Virtual Annual Meeting in response to the Centers for Disease Control (CDC) advisories to prevent the spread of COVID-19. The CDC advised limiting gatherings to less than 50 people. In recent years, attendance at SECO’s popular on-site Annual Meeting had surged into the thousands.

 

SECO Energy Board President Jerry Hatfield called the Meeting to order at 10:30 a.m. and closed the voting platform. SECO’s Vice President of Corporate Communications and Energy Services Kathryn Gloria led the invocation and Pledge of Allegiance and introduced the Board Trustees, CEO and Cooperative Attorney. Board Secretary/Treasurer Bill James certified the Official Annual Meeting Notice before Mr. Hatfield began the President’s Report.

 

President Hatfield welcomed the members who tuned in live and explained the Annual Meeting quorum requirements. Mr. Hatfield stated, “SECO Energy is required to achieve a quorum to conduct official Annual Meeting business. With the help of a Bylaws revision passed by the membership last year, achieving a quorum is now more efficient and inclusive. We can count member participation in voting on Annual Meeting business – either electronically, in person or by mail as part of the quorum.”

 

SECO Energy CEO Jim Duncan began his CEO Report after Mr. Hatfield completed the President’s Report. Mr. Duncan addressed the audience, “Good morning and welcome to the 82nd Annual Meeting of the Membership and our 1st Virtual Annual Meeting. My presentation will be much the same as it is live, but this year members will avoid the large crowd. Limiting large gatherings is a key precautionary measure to protect against the spread of COVID-19, and a virtual meeting is the right choice this year to protect our members and employees.”

 

Mr. Duncan continued his CEO Report with his traditional military salute, first responders recognition and appreciation, introducing the senior staff and applauding the Board of Trustees and employees. Mr. Duncan spoke to the virtual audience about the cooperative’s 2019 financial results, growth, SECO’s new interactive voice response (IVR) virtual assistant, our StormCenter platform and recent customer satisfaction successes.

 

Cooperative Attorney Scott Gerken certified the 2020 Annual Meeting voting results. In total, 7,895 members voted on 2020 Annual Meeting business. As to the Bylaws Revision: Gerken certified 7,320 “Yes” votes, 198 “No” votes and 377 members abstained. As to the 2019 Annual Meeting Minutes approval: Gerken certified 7,484 “Yes” votes, 39 “No” votes and 372 members abstained. Mr. Gerken announced, “The 2020 Bylaws Revision and 2019 Annual Meeting Minutes are clearly approved by the membership.”

 

SECO Energy established a special phone number, email address and social media presence for the Virtual Annual Meeting. A panel of SECO employees interacted with members who posed questions and comments that were read and answered during the meeting by the CEO.

 

Mr. Duncan concluded the Virtual Annual Meeting by stating, “Thank you for your patience and understanding with today’s event – held virtually in the interest of public health. Your wellbeing is the highest priority as we made the decision to go virtual. The continued health of our employees is critical to keeping our system up and running.”

 

The meeting ended with the announcement of prize winners. All 7,895 members who voted were entered into the random drawing for 96 prizes. Grand prize winners are: Tammy Webb from Tavares won the 2010 Chevy Colorado 4X4; the two winners of the 2016 EZGO golf carts are William A. Wiggins from Leesburg and Terry Lester from Tavares; the $1,500 cash prize was won by Rebecca Tinder from The Villages; $1,000 cash prize went to William Boe of The Villages; and two $500 cash prizes were won by Marcia Klepinger and Thomas Wible both from The Villages. Other prizes including Apple TVs, Instapots, tool sets, Amazon Fire tablets and TVs will be shipped directly to winners. SECO will arrange for delivery of grand prizes.

 

The Virtual Annual Meeting concept was well received by members who complimented the cooperative’s decision to go virtual. CEO Jim Duncan elaborated, “SECO will evaluate the cost benefit associated with hosting a virtual meeting and may consider this approach for the future rather than holding an extremely large on-site meeting. We were actually at a point last year with maxed capacity and must find an alternative. Inviting 200,000+ people to an event with a capacity of less than 10,000 is risky. We must find more cost-effective options that encourage member participation. By mail and electronic voting worked well this year, so that is an avenue we’ll continue – with prizes of course as incentive to participate. Next year, however, we are considering a smaller, scaled-down business meeting along with a virtual option for the majority of the membership. It will be up to the Board of Trustees to approve our direction before it’s time to budget for 2021.”

 

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