Quality time with 4,037 neighbors
Posted June 1, 2018
I never tire of visiting with you, our valued memberowners. We registered 4,037 members in attendance at this year’s Annual Meeting, Saturday, May 5, at our Ridgeland office.
If you couldn’t be there, the business meeting focused on the accomplishments of Palmetto Electric Cooperative in 2017. Here are some highlights:
- The cooperative completed a $6.5 million upgrade to the Advanced Metering Infrastructure system originally deployed in 2001 to remotely read meters. This technology has done more to improve system operations and offer new products and services to our members than any other technology in almost 40 years.
- We reported our highest new member growth rate since the 2007 recession. Due to the improved economy and the continued good financial condition of the cooperative, $4.3 million was returned to members in the form of capital credits. Palmetto Electric has given back more than $16 million in capital credits in the previous four years.
- On the American Customer Satisfaction Survey, Palmetto Electric scored a 91 out of a possible score of 100–the highest score the co-op has ever received. This score ranks Palmetto Electric in the top one percent of all ACSI-participating co-ops nationwide.
- Construction was completed on the first community solar farm in the Lowcountry. A 120-kW solar farm was built at Palmetto Electric’s Ridgeland and New River offices. All 240 shares of community solar were sold within a few days.
Four directors were re-elected to serve on the co-op board: William J. Nimmer (Beaufort County, Position 1), David A. Solaro (Beaufort County, Position 4), Eunice F. Spilliards (Jasper County, Position 1) and James O. Freeman (Hampton County, Position 1). Board officers re-elected included: Jeremiah E. Vaigneur, chairman; C. Alex Ulmer, vice chairman; and Eunice F. Spilliards, secretary-treasurer. Congratulations to each of them.
Congratulations also to each of you for being a big part of Palmetto Electric Cooperative’s continued success! We couldn’t do it without you.
Is your name on our list? Some Palmetto Electric members and former members have unclaimed capital credits. Are you one of them? Check our searchable database.