[Penguin]

Originally Posted by villages07

If your provider is Sumter Electric (SECO).... it is a co-op, i.e. member-owned, sorta like a non-profit. By using SECO and having an account, you are a "member". You don't have to do anything, pay any dues, etc.

If they generate excess revenue over expenses you may see a nominal annual credit on your bill.

Many utilities are publicly traded corporations... ConEd, Fla Power and Light, Duke Energy. These are for-profit, stockholder corporations. SECO is a co-op and not publicly traded.

They do have an annual meeting where they elect board members. Generally, they try to make it a party so people will show up.

Anyway, you will get this meeting notice each year. If you're curious, by all means, attend. Otherwise, it's really no big deal. You can certainly visit their website for more info.

All in all, I've found SECO service to be reliable and costs to be reasonable.

Thanks for the perfect explanation. Finally someone that makes sense