MARC H
DEAR MEMBERS, SECO Energy is experiencing accelerated growth in the residential, commercial and industrial sectors while operating with strong fiscal responsibility. Florida is amid a population uptick. We expect the expansion potential and increasing energy demand to be our norm for a time.
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2022
metered accounts is extraordinary. Our facilities include 48 substations and 13,000 miles of line to reliably serve members.
This past year, with Board of Trustees approval, SECO returned $6.46 million in Capital Credits to current and former members. Since inception, SECO has returned over $80 million in Capital Credits. Assigning and returning margins to our members makes us different from other electric utilities. This is what we like to call “the cooperative difference.” AT YEAREND
In 2021, we added upwards of 5,700 new active services 2021, SECO’S We control costs, maintain systemwide. This level INVESTMENT IN healthy equity, return excess of growth in our service margins like a true co-op should, FACILITIES TOPPED area and Central Florida is and provide competitive rates. exciting, challenging and $1 BILLION. It is clear there is a difference has a positive effect on when serving members in a our financial position. SECO must meet the increasing demand for energy, not-for-profit environment. And that’s the maintain existing infrastructure and preserve cooperative difference. reliability. SECO is very busy keeping up with our growing region and maintaining our existing We pledge to provide you with the most reliable and lowest cost electricity possible while not infrastructure to serve you. losing sight of the high premium you place on As a not-for-profit cooperative, significant customer service. financial investments are made to serve new members and improve your service reliability. At yearend 2021, SECO’s investment in facilities topped over $1 billion and continues to grow. This ongoing facilities’ investment averages over $6 million per month. We have retained our position as the thirdlargest Florida electric cooperative and seventh largest nationally out of about 800 distribution co-ops. Among our co-op peers, a growing infrastructure supporting more than 220,000
Best regards,
Curtis Wynn
• Virtual Business Only • Annual Meeting Prize List • 25 Years of Surge Protection MARCH 2022 | SECO NEWS
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