Locally
Owned For 65 years
For
the past 65 years, SouthEastern has been a local business owned by those
who use it services. There are a number of advantages to being locally
owned including the fact that an elected Board of Trustees, who are also
local, establishes policy and provides oversight to ensure that the Cooperative
functions for the benefit of the entire membership as a whole rather than
for the benefit of any special interest group.
SouthEastern’s
commitment to its membership begins by helping them keep their electric
bills as low as possible and their service reliability as high as possible,
consistent with sound business practices. Service is delivered to
members at cost and any margins that exist at the end of a respective year
are allocated for return to members at a future date.
However,
what we offer to the communities we serve goes far beyond "just keeping
the lights on." It’s neighbors helping neighbors and involves cooperative
personnel providing "Live Line" electrical safety programs to literally
thousands of area grade school students. Providing such programs
has a cost, but the cost of not providing them could be much greater.
"Service" means not only making sure the electricity is flowing, but also
making sure that the community and its residents are as safe as possible.
Another
advantage of being locally owned is that our members can resolve questions
about service and bills locally. They even have the option of coming
into our local Eldorado office and discussing them with a local employee
"eyeball to eyeball" if they so desire. This is in sharp contrast
with our investor owned neighbors who have closed local offices and consolidated
their operations with distant or even out-of-state facilities.
The
recent blackout of 2003 makes "locally owned" look even more attractive
than it has in the past, but interestingly the lights had not yet come
back on in Times Square when some politicians became instant engineers
and started giving their opinions on what was needed to fix the nation’s
transmission system.
Our
nation direly needs energy legislation that will promote increased reliability
and which addresses the need to upgrade, rebuild and replace much of national
electric transmission grid. Most importantly we need legislation
based on common sense and legislation which protects consumer interest,
but unfortunately because of the blackout, there is a rush to come up with
an instant fix for a complex problem and it is obvious that the country
is ripe for manipulation, price gouging and miscalculation.
There
is even proposed legislation which would mandate Federal Energy Regulatory
Commission oversight of small utilities including your Cooperative, which
owns less than 20 miles of transmission. This is not only analogous
to using an elephant trap to catch a mouse, but would also result in significant
annual fees for your Cooperative and not contribute at all to solving the
electric grid dilemma.
Let’s
hope the investigation of the blackout is not used to advance the agendas
of a few special interest groups that will not serve the nation well. |