Southeastern Electric Cooperative

The annual meeting included reports on the cooperative's financial status, construction of distribution lines, right-of-way maintenance, and the average wholesale cost per Kwh purchased from Western Farmers. The cooperative's financial condition is strong, and all loan obligations are being met. The meeting also highlighted the gross receipts taxes paid by Southeastern Electric and Western Farmers Electric Cooperatives to area schools.

The Southeastern Electric Cooperative Board of Trustees approved a rate revision based on the August approval of the Cost of Service study. The rate revision, which will be implemented for September usage and October billing, is a system-wide average rate increase of approximately 2.8% over three years, affecting various rate classes. The most noticeable increase for residential members is the Customer Charge, which will increase by $1.50 each year for the first three years.

The Southeastern Electric Cooperative (SEC) Board of Trustees approved a rate revision based on the August approval of the Cost of Service study. The rate revision will be implemented for September billing for all classes of consumers. The rate revision will be a system-wide average rate increase of approximately 2.8% over three years; affecting Residential, Small Commercial, Lighting, Large Power and Industrial rate classes.