$3.3 million in capital credits being returned

capital credits calculatorNot many businesses pay you for buying something you wouldn’t want to live without, but electric cooperatives do!  

This year, members of Horry Electric Cooperative will be receiving a portion of the capital credits assignment for 1995, 1996 and 2016.  

The allowable retirement is $3,763,892 less $400,000 in estate payments. The total amount being distributed is $3,363,892, which includes the $1,535,097 balance of 1995; the $1,528,795 balance of 1996 and $300,000 of 2016. If you were a member in 2016, you will receive 1.5% of your 2016 assignment. If you were a member in 1995 and/or 1996, you will receive the remaining unretired balance of your assignment for that year. 

Capital credit disbursements are made by the end of April. Due to the expense of processing and issuing checks, members with refunds in amounts less than $10 will see a credit on their electric bill. 

Members can calculate the approximate amount of their 2016 allocation and disbursement by using the chart shown below. It was designed to help members calculate and estimate what their capital credit check or electric bill credit might be.

capital credit chart for 2017Questions about Capital Credits?  Visit horryelectric.com or call 843.369.2211.

April edition of South Carolina Living online NOW

The April 2017 edition of South Carolina Living magazine will be delivered to mailboxes of subscribing members mid-month. Horry Electric’s local content, as well as the main part of the magazine, are both available online NOW!

Highlights include:HORRYAPRILCOVER

  • CEO Column:  Find out what you’re missing at the Annual Meeting
  • Annual Meeting Map of Registration and Voting locations at Coastal Carolina
  • Beat the Peak!  Sign up today and Get the Message!
  • Rural Lady of the Year Feature: Janell Lewis becomes 39th Rural Lady of the Year
  • After-hours and weekends, we’re still ‘on call’ Horry Electric’s System Control is on duty, 24/7/365.
  • Co-op returning $3.3 million in capital credits to members

 

 

 

 

 

 

 

Annual Meeting 2017 plans in full swing

THE ANNUAL MANNUAL MEETING GRAND PRIZEEETING OF MEMBERS of Horry Electric Cooperative is set for Tuesday, May 9, on the campus of Coastal Carolina University.

Members are encouraged to attend the meeting and planners try to make it as convenient and as rewarding as possible for those who do.  The co-op has a quorum requirement, established by the South Carolina General Assembly, that must be met in order for business to be officially conducted.  In the S.C. Code of Laws, Section 33-49-430, quorum is defined as five percent of all members. Registering and voting on cooperative business in person is part of the S.C. Code.

As it has been for the past few years, the Registration Gift is an electric bill credit. The amount this year is $15. Remember that only members who register, in person, to participate in the meeting between the hours of noon and 7 p.m. on May 9 at CCU are eligible to receive the Registration Gift. Each registered member will not only qualify to get the Registration Gift, but will also be automatically entered into the prize drawing. Registered members do not have to be present at the time of the drawing in order to win.

Stay tuned, more to come

Official Notice/Registration Postcards will be mailed to members prior to the meeting.  Members who bring their Official Notice and their ID will be able to take advantage of Speedy Pass lines at registration. Shuttles will once again run in a continuous loop from the registration locations to The HTC Center, which is where the entertainment, business meeting and prize drawing will take place.

The April edition of South Carolina Living will include important information about the Annual Meeting and there will be even more detail in the May edition of the magazine. It will be mailed at about the same time as the Official Notice.

Be sure to visit horryelectric.com for additional details.  The Cooperative has created content specific to the 2017 Annual Meeting of Members and what members need to know about Registration and Voting. 

2017 Youth Tour Representatives Selected

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Top row: Yasmine Pugh (L) and Hailey Prince (R). Bottom row: Elizabeth Brown (L) and Jaan Nandwani (R). Pugh, Prince and Brown all attend Conway High School. Nandwani attends the Academy of Arts, Science and Technology. 

Last week, nearly 20 students competed for the opportunity to represent Horry Electric at the 2017 Electric Cooperative Youth Tour, scheduled for June 10-15 in Washington D.C.

Jaan Nandwani, a student at the Academy of Arts, Science and Technology and Conway High School students Hailey Prince, Elizabeth Brown and Yasmine Pugh were selected to represent the Cooperative, based on the results of a written test and a personal interview session.  They will be joining nearly 1,500 students from across the United States for the Electric Cooperative Youth Tour. 

Connor Fata and Breena Cowan of Socastee High School, Ryver Cook of Conway High School and Daniel Mitchell of Myrtle Beach High School were selected as alternates.  In the event one of the four selected is unable to attend, an alternate will be tapped to go in their place. 

The four alternates will be invited to attend a Cooperative Youth Summit, also scheduled for this summer.


The Washington Youth Tour…

  • Rewards students for academic achievement and community leadership
  • Educates students about the role of electric co-ops in the national economy
  • Fosters students’ appreciation for the democratic form of government
  • Exposes students to the sights and sounds of our nation’s heritage
  • Builds students’ leadership skills so that they may make a difference in their communities

Students and chaperones…

  • Meet South Carolina lawmakers
  • Eat at cool restaurants
  • Visit our capital’s monuments
  • Tour Washington, D.C.
  • Socialize with people from S.C. and around the country

For more information about the Washington Youth Tour program, visit youthtour.coop.

 

COMMUNITY SOLAR IS NOW AVAILABLE!

Community Solar Logo_Horry_SQAt the beginning of the year, James P. “Pat” Howle, executive vice president and CEO of Horry Electric Cooperative,  announced the co-op was ‘very close’ to being able to offer Community Solar. “We built a community solar array on our property across the street from our main office in Conway last month,” he said in his monthly column in the January edition of South Carolina Living magazine.”As soon as everything is in place, we’ll be letting members know that we’ve begun accepting subscriptions to purchase a share of the energy that will be produced and distributed through the power grid.

The time is NOW! 

Access to community solar through Horry Electric Cooperative is easy. “We’re doing all of the heavy lifting,” says Howle. “Our plan takes the worry out of construction, maintenance and even zoning restrictions.”

The community solar array has been built and has already started producing electricity. All members have to do is decide how many blocks of solar power they want to subscribe to on a monthly basis. One block is equal to 150 kWh per month and the maximum number of blocks available per member is 5. “We have to cap the number of blocks per member so more members will have a chance to participate,” says Howle.

A subscription agreement needs to be completed by each participating member and a one-time, up-front, non-refundable charge of $100 will be collected for each block subscribed to by the member. “Participating members will begin seeing a monthly charge of $25 per block on their electric bill and a monthly credit based on how much energy is produced by the solar far,” explains Howle. The average is expected to be 150 kWH.

Want to learn more?  You can read all about it in Horry Electric’s local news in the March 2017 edition of South Carolina Living Magazine. You can also visit Horry Electric’s Community Solar page on horryelectric.com

Have questions? Access our Community Solar Frequently Asked Questions or give us a call at 843.369.2211 during regular business hours. You may also send us an email to our email address for service and billing questions. Limited-offer-PNG-HD

SPECIAL OFFER TO THE FIRST 100 MEMBERS TO SIGN UP TO PARTICIPATE! 

Horry Electric will waive the $100 non-refundable upfront charge to the first 100 members to sign up for one block of power from Community Solar. If a member wants to buy more than one block, they will be required to pay the upfront $100 non-refundable fee per additional block.

Community Solar is available to any Horry Electric member with regular residential service on a first-come, first-serve basis.  Advance Pay services are ineligible at this time. 

March edition of SCL features Community Solar

The March 2017 edition of South Carolina Living magazine will be delivered to mailboxes of subscribing members mid-month. Horry Electric’s local content, as Cover of Horry Electric March edition of SCLwell as the main part of the magazine, are both available online NOW!

Horry Electric local highlights include:

  • CEO Column – The benefits of Community Solar
  • Horry News – Operation Round Up update; Looking for teachers for Bright Ideas and Unclaimed Capital Credits posted online
  • Horry Extra – Call before you dig and Right-of-way Map
  • Community Solar – It’s here!

How much does it cost to light a typical home?

relinfo01Lighting accounts for 6% of the total energy use in the average home in the United States and costs between $50 and $150 per year in electricity.

That’s not as much money as it takes to operate a heating and cooling system, but it is enough to make some energy efficiency modifications.

Lighting is a visible energy user, so it’s a great place to start teaching kids to be mindful of wasting energy.

Lighting Tips

There are several simple things you can do to keep lighting costs to a minimum.

  • Avoid wasting lighting energy by turning off lights when they aren’t needed.
  • Fluorescent lighting is much more economical than incandescent lighting. It produces about four times more light with the same amount of energy and lamps last 10 to 15 times longer.
  • Compact fluorescents allow you to use fluorescent lighting in places you never could before. Begin replacing your incandescent bulbs with compact fluorescents wherever practical.
  • Install occupancy sensors so lights go off automatically in unoccupied rooms.

For more information, visit horryelectric.com and spend some time in our Home Energy Library.