Although new service activity slowed dramatically during 2008, it was still another very good year in terms of service reliability and financial performance. We did see a significant reduction in new service activity, reflecting the general dismal condition of the real estate and new home construction markets. For the year, we added 5,754 new services as compared to 7,083 in 2007 and 11,945 in 2006. At year-end, we billed 163,641 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 11,350 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.

2009 Cooperative Highlights
Operating Revenue	$325,848,329
Net Margins	$15,247,921
Total Assets	$537,377,673
Patronage Capital Distributed	$1,442,861
Kilowatt-Hours Sold	2,714,230,212
Miles of Energized Line	11,473
New Services	3,265
Number of Members	169,169
Number of Full-Time Employees	391
Meet the Management Team		Meet the Board of Trustees

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Page last updated: Friday, March 5, 2010