Negotiations restart with the City of Cape Coral

Negotiations are underway and LCEC is optimistic that a new franchise agreement can be reached. The prior franchise agreement expired in October, 2016 after nearly two years of unsuccessful efforts to renew the agreement. What is being negotiated A franchise agreement simply allows a utility to locate its facilities, such as poles and wires, within the right-of-way of a local …

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Cape Coral City Council withdraws complaint with Florida Public Service Commission (FPSC)

Back to the table The Cape Coral City Council recently voted unanimously to withdraw its complaint with the Florida Public Service Commission (FPSC). LCEC hopes to begin constructive negotiation toward a new franchise agreement soon. With the help of the Council for Progress, the parties have been able to identify broad parameters for future negotiation and areas for potential agreement. …

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LCEC member service first priority

As a not-for-profit electric cooperative, LCEC delivers energy to customers at the cost of service, which is just one part of our long-held belief of LCEC member service first philosophy. This business model is different from investor-owned utilities that typically share profits with investors globally, or municipal utilities that use revenues to fund other projects and programs. For 77 years …

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Solar power generation on the rise

Solar power generation is becoming more and more common in communities across America. In our service areas, there are currently more than 300 LCEC customers using photovoltaic (PV) systems to generate power and interconnect with the LCEC power grid. PV modules produce electric current, which is converted for home or business use. When interconnected with LCEC power lines and net …

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LCEC improving every day

LCEC improving every day to benefit our members means working continually to ensure reliable electricity is there when our customers need it. Reliability metrics improve every year, but for us, that’s not enough. We are committed to finding ways to be even better. For example, we are constantly improving business processes, and inspecting facilities including poles, wires and other equipment …

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History of LCEC electric rates

(Dec. 15, 2016) — The LCEC mission is very simple: To provide reliable power and quality service at the lowest possible rate. The history of LCEC rates include the fact that they are designed to cover the cost of doing business. Included in those costs are power supply (69 percent), depreciation and taxes (10 percent), net margins returned to members …

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LCEC members get the ‘credit’ they deserve

Electric cooperatives operate at cost, they are not in business to make a profit. So any excess revenues, called margins, are returned to LCEC members in the form of capital credits. There are two ways that LCEC finances long-term investments in utility infrastructure: debt and equity. Debt is borrowed from outside sources such as banks. Equity is money invested by …

Open letter to valued LCEC members

(Nov. 16, 2016) — LCEC is the not-for-profit electric cooperative that has proudly provided residents and business owners throughout Southwest Florida, including Cape Coral, with reliable electricity and quality service at the lowest possible price. Over the past 18 months, you may have been following the franchise agreement issue between LCEC and the City of Cape Coral. LCEC’S 30-year franchise agreement with …

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Competitive rates good for all

LCEC continually strives to contain costs in order to keep competitive rates, but at the same time we are focused on providing reliable electricity and quality customer service. Recent industry benchmarks reflect LCEC’s operating expenses per kWh sold are in the lowest quartile nationwide (and in this case…low is good!), and lowest among comparable electric cooperatives in Florida. LCEC is …

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LCEC board members are customers too

(Sept. 23, 2016) — LCEC is committed to conducting business with a high level of integrity and in an ethical and responsible manner. Board members are customers elected by customers. They demonstrate authenticity and values in their professional and personal lives, and contribute to the organization’s diversity in terms of background and business experience. LCEC board members take great responsibility in …

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Electric cooperative LCEC has ‘heart’

(Sept. 14, 2016) — Recently, many LCEC employees spent their lunch break seeking out information about the American Heart Association and its efforts to beat heart disease and stroke. While enjoying a frosty treat from Southern SnoBalls, our electric cooperative workers gathered to sign up for the Lee County Heart Walk set for Saturday, Dec. 10. More than 50 employees signed up …

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Reliable power you can count on around the clock

Providing reliable power is a full-time job. At LCEC, there are many factors to consider and advanced planning is critical to ensure customer needs are met. While we can’t forecast what the weather will bring, or how quickly growth will require additionally facilities, we can proactively prepare using experience and technology to plan. Continual modeling and predictive analysis help to …

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Electricity: How do LCEC electric rates compare?

(Sept. 7, 2016) Electricity — you can’t live without it. OK, maybe you can, but who wants to? We have come to enjoy the quality of life that electricity makes possible. At what cost? LCEC works hard to strike a balance between reliable electricity and competitive rates. We have been on a mission to offer rates that are among the …

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Community responsiblity is part of business

(Aug. 26, 2016) — LCEC began in 1940 when no other utility would serve parts of Southwest Florida. Local residents rallied around community leaders in North Fort Myers to form an electric cooperative that would serve members. The goal was to energize the community, not just with electricity, but also by helping with economic development, building the workforce and enhancing …

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High ratings and still striving to improve

Customer surveys show that our customers are pleased with the service we provide. LCEC consistently scores high ratings on daily, weekly and monthly surveys and J.D. Power quarterly surveys. But that’s not enough for us. At LCEC, we are constantly striving to improve all aspects of our business – whether it is reliability, customer service, technology, safety or financial performance. …

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Energizing the community

(Aug. 11, 2016) — LCEC is not just an energy provider. That is at the core of our business and our focus is on delivering reliable power and quality service at the lowest reasonable price. But we are also dedicated to energizing the community, making sure our communities thrive. As a not-for-profit, we know how important it is to give …