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Dustin Tripp

Capital Credits Retirement Checks

As the electric utility industry continues to evolve, face continual change and explore different ways to serve customers, we can all be proud that we are part of the electric cooperative program.  Electric cooperatives have a very unique business model that has proven to benefit cooperative members and has stood the test of time for over 76 years.

The most profound and distinct difference between electric cooperatives and other utility business structures is that electric cooperatives are not-for-profit organizations that are member-owned and member-controlled. As a not-for-profit organization, your Cooperative does not strive to produce profits for shareholders and investors but must maintain a sound financial position for the membership. Your Cooperative sets the electric rates high enough to cover the costs of providing service and at the end of the year, any funds that were collected above the cost of service are allocated to you, our members, in the form of capital credits.

Dustin Tripp

SmartHub

SmartHub is the name of the new communications tool that was implemented earlier this year for member’s use, providing more information than ever before on your computer, smart phone or tablet.  SmartHub allows quick and easy access to perform functions including view your bill, pay your bill, schedule a future payment, review past payments, receive bill reminders, update your account and view daily and monthly electric use.

The SmartHub site can be accessed from your Cooperative’s website at www.seiec.com.  After you click on the link for SmartHub, you will see an introduction to SmartHub explaining what members can do thru the system.  Once you enter SmartHub, you will need to register and set up a secure password.  Members that have already been registered for our previous e-bill site will use the same sign on information as before.

Dustin Tripp

EPA Impact

Over the past few months, your Cooperative has been informing members of new, proposed rules issued by the U.S. Environmental Protection Agency (EPA) that could potentially have a significant impact on your cooperative and on cooperative members’ electric bills.  Your Cooperative has provided an opportunity for members to express their comments and concerns about the proposed rules and members have responded.  At the time of writing this article, over 6,000 Cooperative members have responded by providing comments to the EPA.  The deadline to send comments to the EPA about these proposed rules is October 16, 2014.  I am writing this article again to inform members about the proposed rules and to ask members who haven’t provided comments to the EPA yet to visit www.action.coop to submit their comments before the October 16th deadline.

On June 2nd, 2014, the EPA released a 645 page proposed rule to reduce carbon emissions from existing power generation facilities as part of the President’s Climate Action Plan.  The proposed rule calls for reductions to begin in 2020 and to achieve a national average reduction of 30% by the year 2030.  The proposed rule has a specific reduction target for each state and for Illinois, the rule calls for a 33% reduction by the year 2030. 

Dustin Tripp

76th Annual Meeting of Members Report

SouthEastern Illinois Electric Cooperative held its' 76th Annual Meeting on Tuesday, August 5th, 2014 with approximately 1,069 members registered and approximately 1,600 in total attendance. For those of you who were unable to attend your Cooperative's annual meeting, this article will summarize the report members received at the annual meeting.

During the year 2013, your Cooperative invested $6.5 million in system improvements to replace aging infrastructure and invested $4.9 million in maintenance activities in order to increase electric service reliability. Your Cooperative also constructed 292 new services, upgraded 85 services, rebuilt 24 miles of distribution line and replaced 436 bad poles.

Your Cooperative ended the year 2013 in sound financial condition. As a not-for-profit organization, your Cooperative does not strive to produce profits for shareholders and investors but must maintain a sound financial position for the membership.  In 2013, your Cooperative's Board of Trustees approved the retirement and return of $1 million of Capital Credits and the capital credit checks were mailed to members in December of 2013.  This means that over the past four years, your Cooperative has retired and returned almost $6 million of Capital Credits to the members.

Dustin Tripp

 

I wanted to make you aware of another, new proposed rule issued by the U.S. Environmental Protection Agency (EPA) that could potentially have a significant impact on your cooperative and on cooperative members’ electric bills.  I am asking for your help in contacting the U.S. EPA by visiting www.action.coop.

On June 2nd, 2014, the EPA released a 645 page proposed rule to reduce carbon emissions from existing power generation facilities as part of the President’s Climate Action Plan.  The proposed rule calls for reductions to begin in 2020 and to achieve a national average reduction of 30% by the year 2030.  The proposed rule has a specific reduction target for each state and for Illinois, the rule calls for a 33% reduction by the year 2030. 

Dustin Tripp

Annual Meeting

SouthEastern Illinois Electric Cooperative is very pleased to announce that it will be holding its 76th  Annual Member's Meeting on Tuesday, August 5th, 2014 at the Little Chapel Church (located approximately 3 ½ miles north of Harrisburg on Route 34). 

Members who attend the annual meeting will receive a $15 credit on their power bill, receive an attendance prize and be eligible to have their name drawn for a number of prizes, including the chance to win one of four $250 cash awards. Children under the age of 13 are eligible to register for and possibly win one of ten gift certificates with a value of $25 each.

Entertainment and registration will begin at 6:00 p.m and the business session begins at 7:00 p.m. During the business session, members will learn about the Cooperative's past year of operation and the ways your Cooperative is working to improve the service provided while keeping rates as competitive as possible. In addition, they will be able to participate in the process of selecting four individuals to serve on the Cooperative's Board of Trustees.