Self
billing accuracy depends on the members
Last
month the owners of SouthEastern realized one of the benefits of Cooperative
membership, when over 31,000 capital credit refund checks were placed in
the mail just shortly before Christmas. In addition to the one million
dollars scheduled for refund for the years 1969, 1970, 1971 and a portion
of 1998, some $15,000 in patronage capital was returned to deceased estates
last year, on a discounted basis.
Because
your cooperative is a not for profit operation, each owner benefits when
SouthEastern has years in which revenues exceed expenses. Such margins
are used by the Cooperative as member contributions to capital, and are
eventually returned to the membership when such returns are deemed prudent
by the Cooperative’s Board of Trustees.
Each
year at this time, I take the opportunity to thank members for the simple
things like reading their meters correctly, and paying their bills promptly,
actions that help to ensure the success of SouthEastern. I’m pleased
to report, by the way, that over 95% of our members do an excellent job
in these two areas.
Reading
your own meter and calculating your own monthly bill is a fairly simple
matter, but sometimes paying the actual bill is not. If you are unable
to pay your bill on time, please contact us. In most cases, we can
work out a payment arrangement to help you around those difficult financial
situations.
If
you read your own meter, it is very important that you submit actual meter
readings and not estimations. Estimated meter readings almost always
lead to problems, and in order to keep electric rates as low as possible,
the Cooperative periodically reads each meter and compares that reading
with readings submitted by the member. All meters will be read again
in 2001 and should it be apparent that energy has been used which has not
been paid for, the Cooperative may demand full and immediate payment for
all amounts due.
Members,
who cannot or simply do not want to read their own meters and calculate
their own bills, can opt to have SouthEastern read their meters and mail
out an invoice type bill. The charge for this service is $5.00 per
month, and in most instances, the meter can be read remotely by using the
member’s phone line, thus avoiding the need for someone to drive to the
member’s meter every month. |