Another great year for your Co-opOnce again, new service activity picked up slightly during 2011, and it was another very good year in terms of service reliability and financial performance. For the year, we added 3,639 new services as compared to 3,403 new services in 2010 and 3,265 in 2009. Those years were down from 5,754 in 2008, 7,083 in 2007 and 11,945 in 2006. At year-end, we billed 174,949 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 11,586 miles of electric lines and 48 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.
Page last updated: October 29, 2012 |
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