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Just like a nice scoop of ice cream brings you a cool, sweet flavor of backyard summertime fun, our Annual Meeting brings the same feeling of togetherness each year. Thank you all for a wonderful 78th Annual Meeting where we celebrated the value of your membership and communities. Looking back on the festivities of May 11, one thing stood out above the rest. The most valuable asset is YOU. The tightknit relationships among our members show we are more than a group. We are one. We work together to make a difference as a big co-op family. It is powerful to see our diverse membership and their families come together to enjoy fellowship and fun while learning about the impact they have had over 78 years.
These pictures capture the smiles of our members, making your co-op's heart full. That's what we are here to do— look out for you and make a difference in your lives. Speaking of a difference, let's discuss more about the values you bring to our community. Not only have you banded together to give back, you've put a hefty price tag on your generosity through Operation Round Up, contributing nearly $2.8 million dollars since 2000. You also worked together to collect 1,200 pounds of food in the short span of four hours at our Annual Meeting. Together, you helped provide food for the hungry in our community.
Honoring the cooperative advantage of your membership is something we do every day, but actions speak louder than words. That's why we are proud to say we have not increased rates in nine years and have planned to continue this for at least another two years. We also gave back the largest Capital Credit amount in our history—a whopping $1.5 million dollars.
Know that you are valued and that we will keep striving to increase the value of your membership for years to come. Thank you for attending our Annual Meeting and for helping us make a difference in our communities.
Paul Basha
President and Chief Executive Officer
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The YEC family came together May 11, with lots of smiles and high spirits. Here are a few favorite moments from our 2019 Annual Meeting.
Photos by Walter Allread except where indicated.
Calling all smartphone users! Have you downloaded the free YEC Mobile App? It's an easy way to check your account, pay your bill, make an arrangement or report an outage right from your phone. Plus, you can set up notifications so you know when your payment is posted and when your bill is due. Part of our Member Comfort Initiative, the YEC Mobile App is another way we are providing you with peace of mind that YEC is looking out for you. Scan the code and download today!
Your co-op's dedication to bringing you a brighter future.
Solar Energy continues to make headlines in the electric industry. At your co-op, we are proud to embrace these emerging technologies and be your trusted source for information. A large portion of our membership has shown interest in solar energy, which is why we have developed special net metering rates, invested in two community solar farms, created step by step instructions on the installation process and an educational program to accommodate anyone who wishes to install solar panels on their home.
Your co-op is always looking out for you, which is why it is important to us for you to know the facts before you sign on the dotted line. Thinking about solar? Let us walk you through the process to ensure your investment will outweigh your costs. Through our Solar Advisory Program, members who are interested in installing panels on their home or in their yard to offset their electric bill can talk to an expert who will give them an analysis of their installation proposal. Energy Services Representative Brent Clinton works with members each day to find the best solution for them. "It has been very rewarding to help guide our members through a successful interconnection process and educate them about solar energy. Most of all, I have been happy to help members understand the information that is presented by solar companies for their homes. Sometimes this can be misleading, and other times I am able to validate what the company has presented. Either way, there's no better peace of mind than allowing your co-op to help you make an informed decision about whether or not this renewable plan is right for you," said Clinton. Learn more about this program.
Your co-op has over 200 interconnected solar systems across our territory and your interest keeps climbing. We have become aware that some members are interested in participating but are unable to make a permanent installation at their residence. That's why YEC has invested in two community solar farms and is considering offering a third in the future. The first smaller community solar farm was completely subscribed in less than a month. Our second farm, located in our East York Industrial Park, is more than two-thirds subscribed. If you would like to invest in clean, renewable solar energy, please reach out to Brent Clinton at ten.c1560634761irtce1560634761lekro1560634761y@not1560634761nilC.1560634761tnerB1560634761 or read about our subscription process here.
We are committed to staying up-to-date with emerging technologies so that we may be your source of power and information. We are proud to be your trusted energy advisor, making your future as a member of YEC brighter than ever.
Paul Basha
President and Chief Executive Officer
May is Electrical Safety Month for cooperatives across the country. But that's YEC's priority every day. Whether we are working on your power lines or teaching students about the hazards of electricity, we do our part to prevent accidents from happening.
Let us be your source for power and information. Learn about how to stay safe! Interested in having us speak at your school? Go online and sign up for a safety presentation.
As part of our Member Comfort Initiative, we have continued to increase our communication and education. This will include special posts on social media throughout the month about common household electrical hazards and online video tips about electrical safety. We hope you find peace-of-mind that your cooperative's focus is on protecting you. Remember, we are local people looking out for you—and your safety.
Paul Basha, CEO York Electric Coop discusses protecting members from Santee Cooper debt, solar power and more with Manning Kimmel on Straight Talk.
April 19, 2019 (29:45 minutes)
$1.5 Million: The Most Capital Credits in 78 Years!
York Electric is giving money back to members again this year. As a not-for-profit utility, York Electric returns revenues that exceed operating costs to members as Capital Credits. In May 2019, your cooperative will retire $1.5 million to people who were members during 1996, 1997 and 2017.
Returning Capital Credits is just another way York Electric is always looking out for you.
In May, we will return $1.5 million to members who received service in 1996, 1997 and 2017. Members will receive Capital Credit checks in the mail. If the member's refund is less than $15, the amount will be printed as a line item credit on the utility bill. The amount of Capital Credits returned is determined by margins and a percentage of your total energy billings for the years listed above. Questions? Call (803) 684-4248.
