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SECONEWS The 2020 construction work plan tops The costs of virtually everything required to $55 million to construct new and upgrade operate a modern electrical existing infrastructure. Tree trimming, storm system are increasing hardening and system maintenance work is rapidly. Our 2020 outlook performed largely by contract labor. 717705 is a mix of good and bad Construction and maintenance costs are rising news. The good news is wholesale power costs by a whopping 25 percent in 2020. The job market are stable, so we’re able to is tight and contractors who perform system apply a higher, member- reliability maintenance are paying higher wages to favorable Power Cost Adjustment (PCA aka Hot keep workers on their payroll. This isn’t just a Florida Bucks) credit to your bills starting January 1. The utility phenomenon - it’s happening nationwide and was spurred when California bad news is the customer charge component for both residential “CONSTRUCTION utility PG&E was court ordered to significantly beef up their tree and certain commercial members is increasing. The residential AND MAINTENANCE trimming and system maintenance programs to reduce fire risk. increase is 17 cents a day and the commercial customer and COSTS ARE RISING Florida lost a significant amount of its utility-related contract labor demand charge increases vary BY A WHOPPING workforce to California and we by rate type. 781028 are paying the price despite a 25 PERCENT booming economy. SECO’s mission is to construct, maintain and restore the electric IN 2020.” SECO Energy is experiencing system. We construct new facilities to meet growth demands. We upgrade systemwide growth. Every part of our service and maintain the electric system to prevent territory requires infrastructure additions, system outages. When an outage occurs, we restore upgrades, storm hardening, tree trimming or as quickly as possible. Unfortunately, the costs communications improvements whether you live associated with our three mission-critical focuses north, south, east or west of our headquarters. are rising at an alarming rate.
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County
2019 Growth Rate YTD
Members Served
Sumter
43.35%
65 ,115
Lake
32.91%
67,670
Marion
21.46%
59,702
Citrus
1.99%
15,574
Other Counties*
.29%
1,843
• Pennies From Heaven
209,904
• Florida Fauna & Flora
*SECO serves a small number of members in Hernando, Levy and Pasco combined.
INSIDE THIS ISSUE • Service Territory Map • United Way • SECO Champ
DECEMBER 2019 | SECO NEWS
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