SECO Energy – Sumter Electric Cooperative, Inc.

330 South U.S. Highway 301., Sumterville, FL 33585

3.5

BPI
Financial Rating

4.1

BPI Stakeholder Rating

3

BPI Social Responsibility Rating

SECO Energy (founded in 1938 as Sumter Electric Cooperative, Inc.) is the third largest electric cooperative in The Sunshine State and the sixth largest in the nation. The not-for-profit company distributes electricity to about 200,000 homes and businesses across the Central Florida counties of Citrus, Hernando, Lake, Levy, Marion, Pasco, and Sumter. The co-op operates 12,000 miles of power lines and 48 substations. SECO Energy is one of nine member owners of its generation and transmission wholesale power provider, Seminole Electric Cooperative.

3.5

Overall Excellence Rating

Industry

Utilities

Category

Energy & Utilities

ESG/Ethical Impact

In 2021, we added more than 5,770 new active services systemwide. This brings our active meter count to 222,188 at yearend 2021. In 2021, you and your fellow members consumed over 3.68 billion kilowatt hours – an increase of 40 million kilowatt hours from 2020. We are working hard to meet the increasing demand for reliable, safe and affordable energy, while maintaining existing infrastructure and preserving reliability. SECO is investing significant dollars to serve new members and continue to serve our loyal members reliably. 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 third-largest 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 metered accounts is extraordinary. Our facilities include 48 substations and 13,000 miles of line to reliably serve members. With Board of Trustees approval, we returned $6.5 million in Capital Credits to current and former members in 2021. SECO has returned almost $80 million in Capital Credits since its inception as a not-for- profit electric cooperative in 1938. Assigning and returning margins to our members makes us different from other electric utilities. This is what we like to call “the cooperative difference.” We were proud to learn that SECO once again scored remarkably well in the 2021 American Customer Satisfaction Index (ACSI). Members who were surveyed by the ACSI rated SECO with a customer satisfaction score of 91. SECO’s 91 shows that your electric cooperative is both a state and national frontrunner when compared to investor-owned and municipal utilities as well as our cooperative peers. Our 400+ employees provide exceptional customer service every day. We control costs, maintain healthy equity, return excess margins like a true co-op should and provide competitive rates. We pledge to provide you with the most reliable and lowest cost electricity possible while not losing sight of the high premium you place on customer service.

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Awards Received

2023

Revenues

$90,900,000.00

Website Traffic

Employee Rating

3.8

Customer Rating

3.6

Company Size

100-1000

ESG Risk Rating

3

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