WHAT A SIMPLE ACT CAN ACCOMPLISH – Our early members would be amazed at today’s high-tech services and at what their simple act of cooperation has allowed us to accomplish.

THANK YOU to the 4,588 members who were registered in attendance at this year’s Annual Meeting, May 2, at our Ridgeland office. Members are always our guests of honor, but we were pleased to welcome local dignitaries, including state Rep. Bill Bowers (D-Dist. 122), who presented a House resolution honoring Palmetto Electric Cooperative for 75 years of service to the Lowcountry.There wasn’t enough time at the meeting—or space here—to recount all that your co-op has accomplished in three-quarters of a century. We have condensed it into a nine-minute video. Likewise, allow me to recap a few other meeting highlights for those who could not attend:

  • KODAK Digital Still Camera
    Donald and Charlene Snider of Hilton Head Island won the grand prize, a 2009 Ford Escape Hybrid.

    The financial health of the co-op is very good. Energy sales and revenue experienced an upswing as we slowly climb our way out of the severe economic downturn that began in 2008. We added more than 800 new customers in 2014.

  • So far, 2015 looks to be an outstanding year for capital credits. Palmetto Electric is anticipating returning nearly $4 million to our members who received electric service in 1985, 1986, 1987, 1988 and/or 2014.
  • Four directors were re-elected to serve on your Board of Trustees. Incumbents 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) all ran unopposed.

We thank our board members—your peers and fellow memberowners— for their continued guidance. As we look back proudly on our first 75 years, Palmetto Electric remains a forward-looking cooperative. For instance, members are now reaping the benefits of the long-term planning that your board supported.

In 2014, we began a $5-million upgrade of our Advanced Metering Infrastructure (AMI) system, installed in the early 2000s. Originally, it allowed us to read meters over the power lines. Today, the system has become so much more: AMI has improved and increased the products and services we offer, including conveniences like Advance Pay and My Energy Online.

Our early members would be amazed at these high-tech services— and at what their simple act of cooperation has allowed us to accomplish. Thanks to all members, past and present, for making our success possible.

 

 

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