M AY
|
2021
SECONEWS We celebrated our 2021 “Just Business” 83rd Annual Meeting on Thursday, March 25. We opted to hold the event virtually to avoid the large crowd that traditionally gathers for our onsite Annual Meetings. If you couldn’t watch live, you can watch the full video at SECOEnergy. com > Your Co-op > Annual Member Meeting.
and by-mail voting on Annual Meeting business to achieve a quorum. Almost 5,000 members voted this year to approve a Bylaws Revision and the 2020 Annual Meeting Minutes. All members who voted were eligible to win 1 of 100 prizes.
My state of the company address reported on the excellent financial health of the cooperative. At year-end 2020, our meter count had grown to 216,477 ranking SECO as the third-largest cooperative in Florida and seventh-largest in the nation. Last year, you and your fellow members consumed 3.64 billion kilowatt hours which is an increase of TWO YEARS AGO, A about 1.7 million over 2019.
The Meeting was live streamed through webcast, Facebook Live and YouTube. Members tuned in BYLAWS REVISION WAS to watch our Board President and 283703 APPROVED THAT ALLOWS SECO’s investment in its District 4 Trustee Richard Dennison ELECTRONIC, IN-PERSON electric system is approaching call the Meeting to order and close the $1 billion mark at a current the voting platform at 4:30 p.m. AND BY-MAIL VOTING valuation of $955.9 million to Our Vice President of Corporate ON ANNUAL MEETING support the increased demand Communications and Energy BUSINESS TO ACHIEVE A for affordable energy in our Services Kathryn Gloria gave the QUORUM. area. Our TIER rating is 2.87 and invocation and led the Pledge of member equity equals 33.64%. Allegiance and National Anthem which was prerecorded by SECO Energy’s Manager In the customer satisfaction arena, our 2020 ACSI score is an impressive 91. These are all very healthy Consumer Billing & Accounting Tim Wallace. ratios in the cooperative utility world. During Board introductions, we welcomed new Trustee Morgan Hatfield to the Board. Ms. Hatfield was elected in early February to represent District Continued on page 2 9 and began her duties on March 29. Mr. Dennison’s President’s Report provided an overview of the quorum and Annual Meeting requirements Florida cooperatives adhere to under Florida Statute. Two years ago, a Bylaws revision was approved that allows electronic, in-person
INSIDE THIS ISSUE • Surgeo Loves Pets... • Generator Safety • Winners’ Circle Hurricane Handbook • Florida Fauna & Flora MAY 2021 | SECO NEWS
1