Annual Meeting 2018 recap

annual meeting colorANNUAL MEETING 2018 was a huge success. Our bylaws require a quorum—equal to 5 percent of the membership—in order to conduct an official business meeting. The number of members required for quorum at the 2018 Annual Meeting of Members was 3,218. Registration opened at noon and, by 2:20 p.m., we hit our quorum requirement. When registration closed at 7 p.m., a total of 6,529 members had passed through the registration lines and received their $20 electric bill credit.

In 2017, our total membership registration was 6,053. Attendance was higher this year and we exceeded our quorum requirement.

 

Trustees re-elected

The meeting agenda included the election of three trustee candidates, who are also members of the cooperative, to serve on the board of trustees for a three-year term. Bobby Jordan (District 2) and Frankie Blanton (District 4) and Henry Boyd (District 6) all ran unopposed. They were re-elected by acclamation during the business meeting.

The board of trustees held a brief meeting following the adjournment of the Annual Meeting of Members to elect officers. Johnny M. Shelley remains as president, with Eugene Harriott Jr. as vice president and Ashley Anderson as secretary/treasurer.

Gearing up for next year

We already have the date for the 2019 Annual Meeting set, and the plans are in progress. Please mark your calendars now for Tuesday, May 14, 2019.

Co-op returning $3.2 million in capital credits to members

Not 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 1997, 1998 and 2017.

The allowable retirement this year is $3,778,431.81 less $500,000 in estate payments. The total amount being distributed is $3,278,431.81, which includes the $1,416,543.66 balance of 1997; the $1,561,888.15 balance of 1998 and $300,000 of 2017. If you were a member in 2017, you will receive 1.9% of your 2017 assignment. If you were a member in 1997 and/or 1998, 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 $100 will see a credit on their electric bill.

All refunds below $100 will be credited to the accounts of eligible active members when the account bills in April. 

Members can calculate the approximate amount of their 2017 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 2018 distribution

 

April edition of South Carolina Living is online NOW

The April edition of South Carolina Living magazine is packed with news and information for electric cooperative members!horry april 2018 cover

Horry Electric’s local content for the April  edition  includes:

  • CEO Message: Don’t miss the 2018 Annual Meeting
  • Annual Meeting Map and Beat the Peak promo
  • 40th Rural Lady of the Year Honored
  • H2O Select and H2O Load Management programs
  • How to be energy-efficient in humid climates
  • Horry Electric Approved Electricians, HVAC Contractors, Plumbers
  • Co-op Returning $3.2 million in capital credits

Bitter cold brings higher bills

 

myenergyonlinehomepagegraphic

The link to the MyEnergy Online member portal can be found on horryelectric.com

CEO Message from the February 2018 edition of South Carolina Living Magazine.

 

WHEN BITTER COLD HITS, energy bills jump. Horry Electric’s rates didn’t increase during the cold snaps we saw in January, but bills for energy use increased significantly. Members repeatedly told us they hadn’t changed their thermostats and questioned how on earth their electric bill could have possibly doubled.

As our service representatives and energy advisors explained to everyone, the increases we all saw were due to the extra amount of electricity it takes to keep the inside of a home at the temperature set on the thermostat when the outdoor temperatures are so severe. We actually set a new peak demand record on the morning of January 5 and then broke that record on January 7. The previous record of 405 megawatts (MW) was set in February of 2015. Our new record set on January 7 is 430 MW.

Here’s how it happened
The amount of energy used by furnaces, heat pumps or baseboard heaters is directly related to how long they run. Because they are connected to a thermostat, they run when the temperature drops below the thermostat set point in your home.

When the outside temperature is colder than normal, more heat is lost through the ceiling, walls, floors and openings such as windows and doors. The thermostat senses the extra heat loss and operates the furnace more often to keep up with the heat loss. The longer the unit operates, the higher the energy consumption, which results in higher electric bills. 

A spike of higher consumption for a week or more due to colder weather significantly increases your total bill. We’ve been through more than one extended cold snap since Christmas and bills are going to be high.

Alerts can help members save!
Members on the Advance Pay program were very aware of how much their daily energy use was impacted by the colder temperatures. As part of the program, they receive daily updates on how much energy they use. Getting an energy alert is available to everyone on the Horry Electric system. If you have online access, you can sign up yourself through MyEnergy Online, our member service portal. If you don’t have access, one of our service representatives will be glad to set your account up for alerts delivered via text, voicemail and/or email. Getting daily alerts will help you become more aware of your daily use, and, if you take action to make changes to reduce your energy use, it could help
you avoid the shock of an extremely high bill!

February edition of SCLiving is online NOW!

horry february coverThe February edition of South Carolina Living magazine is packed with news and information for electric cooperative members!

Horry Electric’s local content for the February 2018 edition  includes:

  • CEO Message: Bitter cold brings higher bills
  • Unclaimed capital credits posted online
  • Attention Members – Voting at the Annual Meeting of Members – IMPORTANT INFORMATION
  • Members have saved more than $878,000 on prescriptions with the Co-op Connections Card!
  • Youth Tour/Youth Summit – application deadline February 28
  • February FEATURE:  WIRE’s gifts help homeless students
  • WIRE scholarship information
  • Keeping Horry County GREEN

 

Two opportunities for high school juniors!

January 2018 scl_Page_2Horry Electric Cooperative is offering two exciting opportunities to HIGH SCHOOL JUNIORS this summer.

The Electric Cooperative Youth Tour has been scheduled for June 9-14. We’ll be sending four students on this trip. Students will be able to experience Washington D. C. with 1,500 high school juniors from across South Carolina and the country, meeting lawmakers and touring all the sights.

This year, we’re also offering four students an opportunity to participate in The Cooperative Youth Summit, which is scheduled for July 10-13. Students will experience South Carolina’s capital!  They’ll tour the Statehouse, meet lawmakers and see how co-ops are preparing for our state’s energy future. Plus, there’s plenty of fun with visits to popular Columbia attractions like Riverbanks Zoo & Garden.

Applications are available through high school guidance counselors and online at horryelectric.com. We are accepting applications/nominations from any high school JUNIOR in Horry County who is interested in either of these opportunities.  All expenses are paid by the Cooperative. The deadline for applications is Friday, February 28, 2018. 

Students who apply for either opportunity are asked to take a short written test based on study material provided by Horry Electric Cooperative and then participate in a personal interview with representatives of Horry Electric. All study materials will be mailed to students well in advance of the date of the competition.

Based on the results of the test and the interview session, four students will be selected to represent Horry Electric Cooperative at Youth Tour.  Another four students will be selected to represent us at the Cooperative Youth Summit. Two alternates for each trip will also be selected in the event one of the winners is unable to make the trip.

All applicants for the Youth Tour and for the Youth Summit must:

  • Attend high school or career center in Horry County
  • Be currently enrolled as a junior
  • Be nominated by a school representative, county extension agent or church leader
  • Submit application by Friday, February 28th, 2018
  • Participate in test and interview session at the time, date and location set by the Cooperative.

The Electric Cooperative Youth Tour and Youth Summit are both exciting opportunities for students to learn more about the cooperative way of doing business. Please encourage the high school juniors in your school to participate in the competition.

Questions?  Contact Toni Gore, Youth Tour/Youth Summit Coordinator @843.369.2211 or toni.gore@horryelectric.com

 

 

 

 

January edition of South Carolina Living is online NOW!

HORRY JANUARY COVERThe January edition of South Carolina Living magazine is packed with news and information for electric cooperative members!

Horry Electric’s local content for the January 2018 edition  includes:

  • CEO Message: Empowering future members
  • Just for High School Juniors: one application, two great opportunities – Electric Cooperative Youth Tour and Cooperative Youth Summit
  • Youth Tour/Summit Application
  • Not all air filters are created equal
  • Horry Electric Approved Electricians, HVAC Contractors, Plumbers
  • Join us to reduce energy costs – Beat the Peak
  • Energy Advisors bring website features to life