York Electric Cooperative, Inc.

Shred it!

Member Appreciation Shred Day set for Saturday, Sept. 22.

To kick off our Customer Appreciation Month in October, we're hosting our 6th annual Shred Day on Saturday, Sept. 22, 9 a.m.–12 noon. To accommodate all members of our service area, we will have a truck at our Main Office at 1385 East Alexander Love Highway, York, SC, and another at the Carolina Shred office located at 1682 Katy Lane, Fort Mill, SC.

The event offers a safe and secure way to properly dispose of any confidential or sensitive documents. Plus, all shredded material is recycled, making Shred Day both safe and environmentally sustainable.

We are excited to partner with Ryan Richard, President and Chief Executive Officer of Carolina Shred this year. "Carolina Shred is a local, veteran-owned business, and we offer the most reliable, secure, and cost-efficient document destruction service in the area," Richard says. Interested in learning more about Carolina Shred. Visit their website.

All members are invited to take advantage of this FREE service as a token of our appreciation. We are thankful for your ongoing support and value you as a member. See below for a list of "do's and don'ts" for the day, and we'll see you on September 22!

When: 9 a.m.–12 noon Saturday, Sept. 22

Where (NEW Location): York Electric Cooperative Main Office, 1385 East Alexander Love Highway, York, SC | Carolina Shred, 1682 Katy Lane, Fort Mill, SC

Do:

Bring your sensitive documents for safe disposal
Bring your documents in a box and be prepared to take the box back with you
Limit the amount of documents you bring – we want to have enough room for everyone's documents

Don't:

Add anything other than paper to your stack – trash, especially batteries, could start a fire
Bring your documents in plastic bags – they will clog up the machine
Forget to visit us on Saturday, September 22nd from 9 am to 12 pm!

Questions? Call (803) 684-4248

YEC members dropping off personal documents to be shredded.

Solar through the power of community

Electric cooperatives are leading the electric utility industry in the development of a type of solar called “community” solar. Community solar farms offer members an opportunity to invest in solar energy without the cost, hassle, and installation of solar equipment on their home. YEC sees this not only as an investment in the future of energy, but a way to accommodate the needs and expectations of our membership. It makes solar more equitable for members and saves them money.

Your cooperative’s Lesslie Community Solar Farm began energy production in September of 2016. The model captured members’ interest instantly, and the subscriptions sold out quickly. Since then, we have worked diligently to find a viable site to build a second farm to meet your needs. I’m excited to announce our efforts will come to fruition this year.

The 180 kilowatt (kW) East York Community Solar Farm will be constructed in the East York Industrial Park, located off Park Place Road in York. We project the farm will be built by the end of the summer depending upon weather conditions. If you have questions pertaining to YEC’s East York Community Solar Farm, please contact Donna Dessaint, YEC’s Solar Liaison, at (803) 818-5213.

Rooftop Solar

A rooftop solar array can be a great way to reduce your monthly energy bill and help the environment, but please be aware of the costs and responsibilities. We have implemented a Solar Advisory Program, a free service, designed to help inform members who are thinking about solar. For example, is your roof suitable for the installation? Will the cost be an investment or a burden? Don’t worry! YEC, your trusted energy advisor, is here to help.

There is no better assurance or peace of mind than allowing your cooperative to help you make the transition to solar. We are always looking out for you!

Paul Basha
President and Chief Executive Officer

Steadfast and true to YOU

You can count on YEC to get your lights back on in a storm, but it is important to recognize the work we do to guarantee reliable energy. Providing a level of service that removes the feeling of doubt is our goal each day. We want you to know your lights will come on, your water will be hot, your phones will be charged and, most importantly, the electricity you use is safe. Similarly, in the event of an outage, we want you to have peace-of-mind that your Cooperative will work diligently to restore power.

Continued maintenance on the YEC substations and lines delivering power to your home is necessary to preserve our high standards of service. We are currently rebuilding our India Hook substation located on Mt. Gallant Road replacing outdated equipment where high voltage lines enter the substation, to improve reliability. We are also adding another transformer to the Lakeview substation located on Highway 21 North to increase capacity to withstand the growth in our area. Construction on both locations will be completed this summer. These upgrades also include improved technology to help isolate outages and improve restoration times.

Out with the old and in with the new! YEC works to improve electric reliability in our India Hook Substation on Mt. Gallant Road in Rock Hill by replacing aged equipment. *Photo: Erin Powell*

This work, and our unwavering commitment to our members, shows you can depend on YEC–to plan for the future, to put in the work, to keep you updated on your Cooperative, and to look out for you.

Paul Basha
President and Chief Executive Officer

Electrical Substation Safety Tip Infographic

Capital Credits FAQ

As members of YEC, do we build equity in the co-op, and if we leave the area do we get a payout?

Capital Credits are a benefit of membership in a member-owned utility. Each year, YEC uses the revenues that exceed operating costs as equity. These funds and borrowed capital allow YEC to serve a growing number of members while implementing the latest technology to provide the best possible service. As a not-for-profit utility, YEC later returns these revenues to the members who originally paid them in his/her electric bills.

Each year, our members receive Capital Credit checks. Members will receive Capital Credit checks in the mail unless the amount due to them is less than $15. If the member’s refund is less than $15, the amount will be distributed and printed on their utility billing statement as a line item credit. The amount of Capital Credits returned is determined by total revenues received over expenses for the cooperative and your total energy billings for the year. They are paid periodically with board approval after review of YEC’s financial status.

If you leave YEC’s service area, your Capital Credits remain in your name and member number until they are retired. Therefore, you need to make sure YEC has your current mailing address.

What are Capital Credits?

York Electric is a cooperative. A cooperative is owned by its members and does not technically earn profits. Instead, any revenues over the cost of doing business are considered “margins”. These margins represent an interest free loan of operating capital by the membership of the cooperative. This capital allows York Electric to finance operations and, to a certain extent, construction. The utility then returns this capital to the members in later years.

How often will I receive an allocation notice?

You should receive an allocation notice each year after a financial audit of York Electric has been completed. During the month of May, members receive Capital Credit checks in the mail unless the amount due to them is less than $15. If the member’s refund is less than $15, the amount will be distributed and printed on their utility billing statement as a line item credit.

What do I have to do to start accumulating Capital Credits?

Capital Credits are calculated by York Electric for every member who purchased electricity during a year in which the utility earned margins. No special action is required to start a Capital Credit account. Your membership with York Electric activates your Capital Credit account.

How are Capital Credits calculated?

The amount of Capital Credits you earn in a given year is based upon the amount of electricity purchased. Each member receives a credit based on a percentage for each dollar of electricity purchased.

Will I receive a Capital Credits check every year?

Not necessarily. The board of trustees must authorize a refund before you receive a check. When considering a refund, the board analyzes the financial status of the cooperative and will not authorize a refund if it is not in the best interest of the membership.

Can I use the Capital Credits I have allocated to pay my electric bill?

No. Allocated Capital Credits may not be used to pay current bills. While your electric bill is due monthly, you will not be entitled to your Capital Credits until the board of trustees authorizes a refund. This will take place over many years, since York Electric needs the funds to grow.

What happens to the Capital Credits of members who die?

The representative of the estate can have the balance of Capital Credits transferred into the heir’s name and the balance will be paid out as the board of trustees approves refunds.

What happens to my Capital Credits when I leave York Electric’s service area?

Your Capital Credits remain in your name and member number until they are retired. You just need to ensure that York Electric has your current mailing address.

Election results

Members re-elected three incumbents to their Board of Trustees at the meeting. Directors (from left) Richard M. Roach (District 3), Paul D. Poston (District 4) and Tommie Bratton (District 8) were all unopposed.

My Home

My Business

Stay Informed