Suwannee Valley Electric Cooperative Lighting the way since 1937
www.svec-coop.com
We’re here to serve
(8 a.m. - 4:30 p.m. • Monday - Friday, Lobby Hours)
Business Office: 800-447-4509 (8 a.m. - 5 p.m. • Monday - Friday)
Power Outage Reporting (Day, Night, Weekends & Holidays)
800-752-0025 SERVING THE SUWANNEE VALLEY OWNED BY THOSE WE SERVE 11340 100th Street • Live Oak, FL 32060
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Suwannee Valley
currents December 2016
Diverse energy sources keep your electricity affordable and reliable
@SVEC_COOP_FL
CEO’S COR NER
Time to reflect Michael S. McWaters Executive V.P./CEO
We'll soon be thinking about New Year’s resolutions and looking ahead to all the things we'll want to accomplish in 2017. But as I write this column at the end of November, my mind, and maybe yours, too, tends to lean in the other direction. We look back on the goals we achieved and maybe one or two that didn’t quite work out. In terms of our cooperative, I think we can reflect on this year and be very proud of what we’ve accomplished. We expanded this newsletter to better communicate with our members, reached a remarkable safety milestone, launched a new Cooperative Solar program and even endured a battering by the winds of Hurricane Hermine, while responding quickly and efficiently to restore power. Through each year, and in each trial, we are always guided by our core values, and as you’ll see in this newsletter, we continue to pursue excellence in those continually. You can learn more about how SVEC’s partnership with Seminole Electric Cooperative and a diverse energy mix helps us remain dedicated to affordable and reliable energy, as well as the many ways we’re working to make your experience as a member even better. You can also find a story about one SVEC employee for whom the desire to serve others extends well beyond the hours of his job. Daniel Carver’s recent trip to the Bahamas to help the people there recover from a hurricane of their own is an example for all of us to Continued on Page 4, see MANAGER
At SVEC, we know the most important service we can provide for our members is safe, affordable and reliable electricity that is available every time they need it. Keeping the cost of electricity low and reliability high requires a balance of different resources. This way, if one resource becomes less available or much more costly, we can turn to others. To achieve that reliability, SVEC partners with Seminole Electric Cooperative, a wholesale energy provider that draws on a variety of resources for the electricity it generates. SVEC does not produce any electricity itself. Just as you are a member-owner of SVEC, SVEC is a member-owner of Seminole. We purchase energy from Seminole and then distribute that energy to your home.
COAL AND NATURAL GAS
One of the most important of those sources is the Seminole Generating Station (SGS) in Palatka. With two 650-megawatt coal-fired generating units, SGS supplies power to Seminole’s member cooperatives throughout Florida, while using state-ofthe-art environmental control technology to limit sulfur dioxide, nitrogen oxide, mercury and particulate matter emissions. While coal has long been a mainstay
resource for U.S. electric utilities, one trend facing the industry as a whole is its changing role and the growing efforts to replace it with natural gas. These efforts have picked up speed in recent years, as coal accounted for more than half of the nation’s electricity generation just 15 years ago, but made up just 33 percent of electrical output in 2015, according to the U.S. Energy Information Administration. Meanwhile, natural gas has doubled from a 16 percent share to a 33 percent share since 2000. Seminole itself operates the 810-megawatt natural gas-fired power plant, the Midulla Generating Station (MGS). MGS is located on the Hardee/Polk County border southeast of Tampa. We at SVEC are keeping a close eye on these changes as they develop to ensure that they do not impact the reliability and affordability of power for our members.
RENEWABLE RESOURCES
In addition to fossil fuel resources like coal and natural gas, Seminole works to balance its generation mix with power from renewable energy facilities, including waste-toenergy, landfill gas-to-energy and a biomass facility. These diverse resources reduce our members’ vulnerability to changing conditions in the market and keep prices low. Continued on Page 4, see ENERGY