TCEC Members get the Credit
A $21,315.12 check was presented to Chemring Ordnance in Perry, reflecting their contribution of capital to and ownership of, the cooperative in 1991-92.
Stephanie Carroll, VP of Corporate Services, presented a $3,305 check to the town of Greenville.
Danny Glover, Superintendent of Taylor County Schools, accepted a $1,637.69 capital credit check on behalf of the school system.
Capital Credits, that is – for helping build, sustain, and grow your local electric cooperative.
In December 2018, Tri-County Electric Cooperative’s Board of Trustees approved retirement of capital credit refunds in the amount of $802,703, to current and former members, like you, across portions of four counties served by the co-op. This capital credit refund represents 73% of our members’ Capital Credit accounts from 1992.
When you signed up to receive electric service from TCEC, you became a member of an electric utility. While investor-owned utilities return a portion of any profits back to their shareholders, electric co-ops operate on an at-cost basis. So instead of returning leftover funds, known as margins, to folks who might not live in the same region or even the same state as you do, TCEC allocates and periodically retires capital credits (also called patronage dividends, patronage refunds, patronage capital, or equity capital) based on how much electricity you purchased during a year.
Capital Credits represent your ownership in TCEC and are one of the most unique and rewarding benefits you enjoy as a member of and electric cooperative.
Many capital credit check have been returned with the address marked as undeliverable. To help you determine if you are entitled to one of these unclaimed checks CLICK HERE for a partial listing.
DEPARTMENT SPOTLIGHT: Substation & Metering
How does a substation work and what are its functions? The simple definition is that it’s a place that transforms voltage from high to low, or the reverse. Picture a train station where people step on and off. It can be helpful to use this same analogy to explain what a substation does for an electric utility.
Electric power may flow through several substations between the generating plant before it reaches the consumer. Frequently, the electricity has to be transmitted over large distances because where the power is being generated and the place where it is consumed are often far apart. At a transmission substation, the electricity is increased using step-up transformers to a very high voltage to reduce losses over these long distances.
As electricity reaches one of Tri- County Electric Cooperative’s (TCEC) distribution substations, step-down transformers within the substation change the voltage levels from high voltage transmission levels to low voltage distribution levels and then supplied to the distribution grid. From here, the electric current is distributed through feeders, which you see overhead alongside roads.
TCEC employs two apparatus technicians to maintain its 16 substations and the equipment located within them. These substations are spread throughout the service territory and centrally located to the distribution area to be served.
Terry Dobson, Lead Apparatus Technician, is a 36-year veteran of the co-op. Jason Hughey, Apparatus Technician, has been with the co-op since 2013. These men work in a highly specialized and technical field that requires a recommended technical coursework in electronics technology or related field. Their responsibilities require them to be a detective at times, often troubleshooting problems when a fault has been detected within the substation. Both men admit one of their favorite parts of the job is resolving complex electrical system issues that may affect the members.
Jason is married to Kasey, and they have two children, Waylon (five years old) and Carolina (one and a half years old). He admits one of the toughest parts of his job is the long hours on storm work that requires him to be away from his family. Therefore, when not working, he loves spending his free time with them, or hunting and fishing. Jason says, “I work with a good group of people. Everyone looks out for each other and will help any way they can. Tri County is very family-oriented,” which makes him appreciate working at the cooperative.
Terry says one of the toughest things about his job is “Being away from my family during hurricanes or storms.” But one of the most enjoyable is “We get to go to all the counties Tri-County Electric serves. We get to meet a lot of people and see a lot of things most people in our service area don’t ever experience.” Married 32 years to Ronda, they have three children and seven grandchildren. They are excited to be welcoming another grandson and granddaughter to the family by the summer. Terry says, “We are truly blessed to have three great children and so many grandchildren"
TCEC System Engineer Named Young Professional of the Year
The Madison County Chamber of Commerce recognized outstanding Chamber members, individuals and businesses throughout the community at their Annual Banquet and Silent Auction on October 8th. Tri-County Electric Cooperative was nominated for Large Business of the Year, and though we did not bring home the trophy, an even sweeter trophy was brought back to the office in the hands of Antonio Richardson – TCEC’s System Engineer. Antonio was named Young Professional of Year, as voted on by his peers for his positive impact to his industry, devotion to community service, civic engagement and economic development. His trophy was presented by incoming Chamber Chairwoman and TCEC Community Relations Director, Kaitlynn Culpepper. Congratulations Antonio, your co-op is proud of you
TCEC meets with Members of Congress to share issues impacting Florida electric cooperatives
Tri-County Electric Cooperative (TCEC) board members George Webb, Elmer Coker, and Donnie Waldrep joined other Florida-based electric cooperatives in Washington, D.C. to discuss important issues facing the electric utility industry in the Sunshine State. Also representing TCEC were CEO, Julius Hackett, and Community Relations Director, Kaitlynn Culpepper.
April 10 – 12, TCEC’s wholesale power provider, Seminole Electric Cooperative (Seminole) and its nine Member cooperatives, including the Florida Electric Cooperatives Association, met with a total of 26 Florida Members of Congress and their staff, as well as both Florida senators.
Discussions included thanking congress for their support of electric cooperatives and their members and employees. TCEC took advantage of the opportunity to meet with Congressman Al Lawson and Congressman Neal Dunn to address issues that were important to our members in Madison, Taylor & Jefferson Counties. Those issues included FEMA reform, employee pension plans, and the reauthorization of the 2018 Farm Bill, which has an important focus on Rural Economic Development, investment and support of broadband for rural Americans, and amendments to the Rural Electrification Act.
“The issues we were able to discuss with our congressmen and senators are crucial to providing safe, affordable, and reliable electricity to TCEC’s over 12,000 members and their families in rural North Florida.” said CEO, Julius Hackett
The meetings were proceeded by the 2018 Legislative Conference of the National Rural Electric Cooperative Association (NRECA), in which more than 2,000 electric cooperatives from around the country gathered together in Washington to celebrate the impact of the nation’s rural electric cooperatives. Speakers included U.S. Secretary of Agriculture Sonny Perdue, who praised NRECA members for their service to millions of Americans across the nation.
Florida’s electric cooperatives, including TCEC, will continue to advocate for energy policies that support quality electricity for our members. If you are interested in participating, please visit www.action.coop today!