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April 2023 SECO News

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2023

DEAR MEMBERS, DID YOU WATCH SECO ENERGY’S 85TH ANNUAL MEETING ON MARCH 23? Were you one of our 100 prize winners? Watch our Annual Meeting video on SECOEnergy.com to see the list of 100 prize winners to find out if you are a winner. The video is also available on Facebook and YouTube. Learn more about the Strategy Map, new Mission, Vision and Core Values that take SECO into the future. The energy industry is changing, and SECO has developed an approach to remain focused on our core business, manage the fast-paced changes and rising costs in our industry, operate more efficiently, increase member engagement and overcome labor and supply chain shortages. We are investing in operational technologies that help us reduce costs by lowering our need to purchase more energy to serve growing demand. A foundational technology investment is the systemwide implementation of an advanced meter infrastructure or AMI. This technology will offer updated SmartHub features, insight into your energy costs and actionable data that will help you manage your usage. Own an electric vehicle (EV)? Pre-enroll in an EV $7 monthly incentive effective May 1 for members who agree to charge their EVs during Super OffPeak hours (midnight – 6 a.m.). Learn more about the EV Fast Charger lease or purchase program, I again encourage you to watch the Annual Meeting video and visit SECOEnergy.com for details. In my 40 years of utility experience, I have never seen the supply chain issues, rising costs and labor constraints that we are experiencing in the current economy. Unfortunately, even as a not-for-profit

utility, we are not immune to the economic downturn that started in 2020 with COVID and developed into runaway inflation these past two years. Costs have risen dramatically on nearly everything we purchase to maintain our existing electric system and construct new services. An increase to members’ bills is simply unavoidable. Read more about the customer charge change on page 4 and learn more about the reasons for it in the Annual Meeting video. Thank you, members, for participating in the governance process of your cooperative! We received a total of 14,375 votes on Annual Meeting business this year. Members voted to approve the Bylaws revision and the 2022 Annual Meeting Minutes.

WATCH OUR ANNUAL MEETING VIDEO FOR THE FULL UPDATE. THANK YOU FOR YOUR SECO ENERGY MEMBERSHIP.

Best regards,

Curtis Wynn

• Spring Energy Efficiency Tips • SECO Energy Foundation • Customer Charge Increase

APRIL 2023 | SECO NEWS

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April 2023 SECO News by SECO Energy - Issuu