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 …

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 …

Op-Ed from Dennie Hamilton, LCEC, Executive Vice President & Chief Executive Officer

LCEC is a not-for-profit electric distribution cooperative serving 214,000 customers throughout Southwest Florida since 1940. For more than 75 years, Lee County Electric Cooperative (LCEC) has enjoyed strong relationships with its members, business leaders, and local governments. We have negotiated numerous franchise agreements during that time following brief, cordial, and inexpensive discussions. Negotiation of a new agreement in Cape Coral …

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$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 …

Negotiations with the City Reach Impasse Again

Despite numerous concessions to the City, it appears negotiations on a new electric service franchise agreement are at a standstill once again. Having reached an impasse, LCEC presented a final franchise agreement proposal for review by the City Council, outlining the numerous concessions made to accommodate City positions. This includes reinstating a purchase option not found in any other LCEC …

LCEC Prepares for Hurricane Irma

LCEC’s preparation begins long before a hurricane threatens to make landfall in Southwest Florida. To ensure LCEC has the resources needed for restoration, the organization cultivates relationships with power line and tree-trimming contractors, fuel companies, material vendors, food service vendors, other cooperatives and local agencies for back-up resources. In addition, LCEC’s more than 375 employees play a critical role in …

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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 …

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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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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 …

Cooperative membership benefits

LCEC is a not-for-profit electric cooperative, a business that revolves around delivering electricity and a focus on serving customers’ interests in the most cost-effective manner. That’s just the start of electric cooperative membership benefits. LCEC revenues in excess of expenses are used for long-term financing. Patronage capital credits are allocated annually and can be returned in the form of equity …