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Dustin Tripp

 

 Since 1964, October has been designated as National Cooperative Month, providing cooperatives with an opportunity to explain the cooperative difference to their members.  In this month’s article, I would like to explain some of the cooperative differences and how it benefits all of us as cooperative members.

As the electric utility industry continues to evolve and face continual change, we can all be proud that we are part of the electric cooperative program.  Electric cooperatives have a very unique business model that provides many benefits for its members and has proven the test of time for over 78 years.  Your electric cooperative is a not-for-profit, member-owned business and exists for the sole reason of serving members.  Your electric cooperative sets the rates just high enough to cover the cost of doing business unlike investor-owned utilities that strive to maximize profits for investors or shareholders.  Any money that is collected by the cooperative above the cost of operations is allocated back to you as capital credits.  This allocation becomes your equity ownership in the cooperative and when the financial condition of the cooperative permits, the capital credits are returned to you in the form of cash.  Over the past five years, your cooperative has paid back over $7 million in capital credits as cash to members.

Dustin Tripp

78th Annual Meeting of Members Report

 SouthEastern Illinois Electric Cooperative held its' 78th Annual Meeting on Tuesday, August 2nd, 2016 with approximately  1,036 members registered and approximately 1,400 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 2015, your Cooperative constructed 252 new services to homes, farms and businesses and changed out 465 poles.  For the second year, your Cooperative achieved the milestone of delivering over 1 billion kilowatt-hours to Cooperative members.

Your Cooperative ended the year 2015 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 2015, your Cooperative's Board of Trustees approved the retirement and return of $1.4 million of Capital Credits and the capital credit checks were mailed to members in December of 2015.  This means that over the past six years, your Cooperative has retired and returned almost $11.5 million of Capital Credits to the members.

Dustin Tripp

Member Survey

As your Electric Cooperative, we strive to achieve excellent service while providing members with a very reliable and cost effective electric energy supply.  In order to see how well your Cooperative is performing, the membership is surveyed every two years to receive feedback regarding the service they receive.  The Cooperative also participates in a Residential Retail Rate Study with 24 other Electric Cooperatives in Illinois.  This month, I would like to share the results of the most recent member survey and Residential Retail Rate Study.

Every few years, the Cooperative membership is surveyed by an independent survey firm in order to determine what areas of our operation need improvement. In early 2016, approximately 1,250 survey questionnaires were mailed to randomly selected members of SouthEastern Illinois Electric Cooperative, in all 376 completed surveys were returned.

Dustin Tripp

Annual Meeting

SouthEastern Illinois Electric Cooperative is very pleased to announce that it will be holding its 78th  Annual Member's Meeting on Tuesday, August 2nd, 2016 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. There will also be a grand prize drawing for a girl and boys bike.

Dustin Tripp

 

Your Cooperative is pleased to announce that the new headquarters facility is nearing completion and your Cooperative will begin operations from the new facility in early July 2016.  This article provides a brief history of your Cooperative’s headquarters, a brief summary of the numerous benefits of the new facility and informs members about the Cooperative’s transition to the new facility.

Many of you may know that the Cooperative was formed in 1938 and started with a one room office in the Harrisburg City Hall.  As the cooperative continued to grow, it expanded to three rooms before moving in 1946 to a renovated building located in Harrisburg.  In 1951, the cooperative board and staff began seeking a site for a new headquarters facility.  In 1953, the cooperative employees moved into a facility that was constructed on the southeast side of Eldorado which is where we have been for the past 63 years.

Dustin Tripp

Grants Awarded

SouthEastern Illinois Electric Cooperative is very proud to be one of a number of businesses in our area that remain locally owned, locally governed and locally operated for the past 78 years in Southern Illinois. Our Cooperative embraces improving the quality of life in the communities that it serves. Your Cooperative remains committed to its communities and the following is just a few examples of how your electric cooperative is striving to make a difference right here in Southern Illinois.

Your Cooperative coordinates an education grant program known as the Touchstone Energy Classroom Empowerment Grant. Your Cooperative offers a total of $4,600 in grants to fund innovative, unfunded projects or materials. Qualifying projects are those that improve the learning environment or increase educational resources for the school and the students. Every year, your cooperative sends grant applications to all of the schools in the 10 county service area and assists school administrators in applying for these grants. For the 2015-2016 school year SEIEC awarded Goreville Junior High School, Lincoln Elementary – Marion, New Simpson Hill School, Norris-City-Omaha Elementary and West Side Primary - Harrisburg with Touchstone Energy Classroom Empowerment Grants.