electricity dollar bills

The value of electricity

The price of most goods and services has increased over the years. Thanks to LCEC, electricity is still a good deal! LCEC customers only pay pennies for every hour they are using electricity, and the cost is lower now than it was twelve years ago. For just one dollar toward an LCEC electric bill, customers can receive the following: 6 …

Electric Grid

The electric cooperative grid is one of the largest in the nation

There are three types of electric utility providers in America. Investor-owned utilities operate to make a profit. Municipal utilities are operated by local governments and help generate revenue for the general budget. Cooperatives are not-for-profit and governed by members. There are more than 750 electric cooperatives located throughout 46 states, serving 75 percent of landmass in the nation. Power flows …

We know you!

LCEC is governed by members driven by the goal of improving the quality of life through the delivery of reliable electricity and excellent service at the most reasonable price possible. Business decisions are made in the best interest of LCEC members/customers, not investors or government officials. Members have the opportunity to be considered for Board of Trustees positions. Each member …

Equity – not cash in the bank but a member benefit that pays off

More than $7 million in equity was retired and returned to members with inactive accounts during the first quarter. In May, an additional $4.3 million was retired and returned to active and inactive members. In March, the Board of Trustees also approved an allocation of $14.5 million in net margins and $1 million in unclaimed equity to LCEC members. Allocated …

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Reliability is our mission

LCEC goes to great lengths to deliver reliable electric service, competitive rates and quality service. The LCEC electric grid is monitored every minute of every day through a Supervisory Control and Data Acquisition (SCADA) system. When an issue occurs, crews are ready to respond quickly and safely no matter what challenges the weather or environment might present. Regular equipment inspections …

Delivering clean, emission-free solar energy every day!

The power that LCEC delivers to customers is generated through a mix of solar, clean-burning natural gas, emission-free nuclear, and very little coal. Although LCEC doesn’t generate power, the electric distribution cooperative collaborates with one of the largest utilities in the state that is generating more and more power through solar. LCEC selected its power supplier to ensure the power …

Stable rates for nine years in a row!

LCEC electric rates will not increase again in 2018. LCEC rates remain among the lowest in Florida. By streamlining processes, exploring new technology, and performing ongoing maintenance and analysis on the system employees have been able to respond to customer needs and deliver reliable power at competitive rates. LCEC has been focused on this mission since 1940, and is proud …

By the members, for the members

A Board of Trustees, elected by the members, governs LCEC. As members themselves, they work to ensure quality service and reliable electricity at competitive rates for the members. Board members serve the membership as a whole and represent all geographic areas. They make decisions and set policies in the best interest of all members. At the same time, Trustees must …

Why not put all the lines underground?

According to Ted Kury, director of energy studies at the University of Florida’s Public Utility Research Center, burying lines is not a magic bullet for hurricane preparedness. Floodwaters could slow down restoration of underground infrastructure. Although tree branches do not affect buried lines, tree roots do. Uprooted trees throughout the LCEC service territory ripped lines out of the ground during …

five-dollar-bills

$4 Million back in the pockets of members

LCEC is a not-for-profit electric cooperative. Each year, the Board of Trustees considers an equity retirement. In 2016, LCEC was able to maintain a sufficient financial position, and in 2017, a retirement of $4 million in equity was made to current and inactive customers. Active and inactive customers received a check or a credit on their account. Active customers receiving …

Environmental awards help strike a delicate balance

LCEC recently awarded Environmental Funding Awards to five local organizations whose mission centers around protecting the environment and the wildlife that inhabit it through education and action. These funding awards are just one of the many ways that LCEC positively impacts and supports wildlife and the environment. These award winners include the Cape Coral Friends of Wildlife, the regional Monofilament …

Power restoration after Hurricane Irma – our only job was to get the lights back on!

Nearly two-thirds of all electric customers in Florida were without power by the time Hurricane Irma left the state. After a disastrous weather event, utility companies such as LCEC are faced not only with restoration, but also with rebuilding portions of the electric grid that have been destroyed. Many LCEC customers never lost power and the thousands that did were …

power lines electric cooperatives

Electric rates reduced more than 10% since 2014!

Electricity is something that no one wants to live without. It provides so many things that make life easier – food, shelter, clothing, light, air conditioning, and entertainment. When customers pay that monthly bill it is rare that they consider all the things electricity makes possible. LCEC works hard to make sure customers are receiving a good value. While most costs …

Our Roots Run Deep

LCEC brought power to parts of Southwest Florida when no other utility would. Back in 1940, other power companies weren’t interested in going outside of the city limits. There was no profit to be made from rural areas. Cooperatives, like LCEC, were established by the people who shared the principles of helping their neighbor and delivering affordable power to those without. …

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. …

lcec member service focuss

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 …