Our 83rd Annual Meeting has concluded!

We would like to thank all York Electric Cooperative member-owners who registered and exercised their right to vote and make their voices heard regarding the co-op's leadership and business affairs. Your participation is important and appreciated.

A list of door prize winners will be posted here on Monday, May 6th. Video and a transcript of the business portion of the meeting are available now:

MAY 1, 3 & 4TH

York Electric's 83rd Annual Meeting took place over three days – May 1, 3 and 4 – with the business portion of the meeting taking place on May 4th. Information was distributed by email and the April edition of South Carolina Living magazine to get members prepared to attend, register and vote. Thank you to all who participated!

REGISTRATION BILL CREDIT

Members who attended and registered at one of the three dates and times provided will receive a $25 power bill credit on their June power bill.

GRAND PRIZE WINNERS

The first $500 power bill credit goes to James R. Turney, Jr.

The second $500 power bill credit goes to Thomas Wohlfeil.

The special drawing for a $500 power bill credit for Tega Bay location attendees goes to Susan and James Morrisey.

And the 2014 Ford F-150 truck goes to Thomas and Ruth Buechlein.

DOOR PRIZE WINNERS

Stihl Leaf Blower, donated on behalf of Turner Communications, Inc. to Brenda Parker

$100 Visa Gift Card, donated on behalf of CEE-US, to Alice H and Frank Kessler

$50 Lowe’s Gift Card, donated on behalf of Border States Electric, to W H and Betsy Jackson

$50 Lowe’s Gift Card, donated on behalf of Border States Electric, to Jeremy Kimble

$100 Visa Gift Card, donated on behalf of York Electric Cooperative, to Mary Villano

$100 Visa Gift Card, donated on behalf of York Electric Cooperative, to Wanda Collins

$100 Visa Gift Card, donated on behalf of York Electric Cooperative, to James and Patricia Broome

$100 Visa Gift Card, donated on behalf of York Electric Cooperative, to Florence A Stinson

$100 Visa Gift Card, donated on behalf of York Electric Cooperative, to Michael and Kaye Vignola

$50 Visa Gift Card, donated on behalf of York Electric Cooperative, to Donna Samson

$50 Visa Gift Card, donated on behalf of York Electric Cooperative, to James T and Joerine Millen

$50 Visa Gift Card, donated on behalf of York Electric Cooperative, to Charles and Janie Hatchell

$50 Visa Gift Card, donated on behalf of York Electric Cooperative, to Karl Benzio

$50 Visa Gift Card, donated on behalf of York Electric Cooperative, to Susan Ranier

$25 Visa Gift Card, donated on behalf of York Electric Cooperative, to Eugene Eberhardt

$25 Visa Gift Card, donated on behalf of York Electric Cooperative, to Elizabeth Monza

$25 Visa Gift Card, donated on behalf of York Electric Cooperative, to Bradley Hemmila

$25 Visa Gift Card, donated on behalf of York Electric Cooperative, to L H Farmers Hicks

$25 Visa Gift Card, donated on behalf of York Electric Cooperative, to Lois Muir

ELECTION RESULTS

Carolyn Boyd ran unopposed for District 1 and Tommie Bratton ran unopposed for District 2. Mrs. Boyd and Mr. Bratton have both been elected to serve additional 3-year terms.
 
Terri Lovelace and Kevin Tolson were both nominated by petition to run for the vacant seat in District Two. Terri Lovelace received 2,249 votes. Kevin Tolson received 2,576 votes. Congratulations to Mr. Kevin Tolson who will fill the vacant seat in District 2. As a reminder, this seat will be up for regular election again in 2025.
 
Incumbent Richard Roach’s seat for District 3 was contested by Mr. Ronald Wylie, who was nominated by petition. The votes for this board seat are as follows: Richard Roach received 2,556 votes and Ronald Wylie received 2,282 votes. Congratulations to Mr. Roach, who will serve an additional 3-year term for District 3.

FINANCIALS

York Electric's 2023 financial report is available for your examination at any time. Remember, you are members and you are owners as well.

CAPITAL CREDITS

2024 Capital Credit retirement totals $2.7 million – the largest ever!

The York Electric Cooperative Board of Trustees elects to return a portion of our margins to our members each year. Margins are defined as the money left after covering all operating costs. Returning this money to members is a process called Capital Credit retirement. Not only does this show the value of your membership, but it also reflects the financial health of your cooperative.

Each year has a total patronage capital we must return to members over time. This is the money you invest in your cooperative when you pay your energy charges each month. Your board of trustees elects how much of these margins we reinvest into our system to continue providing affordable, reliable energy, and how much we return to members through capital credits. As a not-for profit business, we are required to operate on an at-cost basis. Returning these funds to our members allows us to remain a tax-exempt organization and in compliance with our bylaws as a cooperative organization.

How does it work?

Instead of only paying new members, or only paying those who have had service for years, York Electric elects to pay a combination of new and long-time members so that everyone gets a piece of the pie. This is considered a hybrid retirement model.

This year, the board voted to return $2.7 million to members. The funds will be distributed for members who were served by the Cooperative during the following years: 2003, 2004, and 2022.

Members’ portions of the funds come from their total patronage for those years mentioned above.

What should you expect?

If you were a member during the years mentioned above and your capital credit amount is less than $20, you will see a credit on your bill. Any members with capital credit retirements that are $20 or more will be mailed a check during the first week of May.

We’re looking out for you and appreciate your investment in a brighter energy future.