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In early 2024, SECO engaged an external firm to conduct a cost-of-service study on its lighting service fees. The study revealed that the cost of providing lighting services had outpaced the associated charges.

In May 2024, SECO Energy’s Board of Trustees and the Florida Public Service Commission (FPSC) approved an increase in the lighting service fees. SECO subsequently notified your governing HOA board of the fee adjustment. Following this notification, your HOA board reached out to SECO to express concerns about the significant increase in lighting service fees. SECO Energy also informed the membership in our May 2024 SECO News publication.

In response, SECO Energy’s Board of Trustees approved a re-submission to the FPSC, proposing a phased, two-year implementation of the fee increase. Upon FPSC approval, the first adjustment took effect in October 2024, with the final adjustment scheduled for October 2025, pending further approval and adoption. Additionally, SECO’s board directed staff to include another lighting cost of service study to accurately determine the amount of the October 2025 lighting adjustment.

This phased approach provides affected members, particularly HOAs, with additional time to make necessary budget adjustments while ensuring the continued maintenance and reliability of the area lighting system.