Another great year for your Co-op
New service activity picked up slightly during 2010, and it was another very good year in terms of service reliability and financial performance. For the year, we added 3,403 new services as compared to 3,265 in 2009, 5,754 in 2008, 7,083 in 2007 and 11,945 in 2006. At year-end, we billed 172,171 active accounts. That makes SECO Energy one of the largest cooperatives, out of more than 900 electric cooperatives in the nation.
SECO continues to manage growth with no degradation in electric system reliability or erosion in fiscal stability and our system reliability remains high. This is a major accomplishment for a utility with SECO’s growth factor and one which has 11,541 miles of electric lines and 47 substations to maintain in a 2,000 square mile service territory spanning seven counties. It takes a dedicated board of trustees, a highly knowledgeable management team and hard working employees to make it happen.
The bottom line is that we had another very good year financially and continue to be a financially strong cooperative.
2010 Cooperative Highlights
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| Operating Revenue |
$364,290,234 |
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| Net Margins |
$29,280,443 |
| Total Assets |
$561,838,629 |
| Patronage Capital Distributed |
$3,374,489 |
| Kilowatt-Hours Sold |
2,954,743,665 |
| Miles of Energized Line |
11,541 |
| New Services |
3,403 |
| Number of Members |
172,171 |
| Number of Full-Time Employees |
385 |
| 2010 Annual Report |
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| Meet the Management Team |
Meet the Board of Trustees |
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Page last updated:
Monday, January 23, 2012 |
