Co-opConnection
Positive thoughts
President and CEO
bring positive results
E. LeRoy “Toy” Nettles, Jr. When I read the newspaper and wholesale electric costs to increase
watch the evening news, I am often exponentially. Projections were that
Chairman, Board of Trustees
overwhelmed by all the negative Pee Dee Electric’s wholesale power
James A. Goodson
news contained in those reports. In costs would increase more than
Trustees these uncertain times, it 50 percent. Wholesale power is, by
Jule Conner can be difficult to see that far, the largest cost Pee Dee Electric
there are still good things incurs in providing electricity to its
Preston Gainey
happening around us. We members. Worse, this cost is not one
David Howell all know the old saying, that anyone at PDEC can control.
Louise Kelley “positive thoughts bring And that one cost accounts for
Hamer Parnell positive results.” So I would approximately 65 percent of every
like to take this opportunity dollar the cooperative collects.
Fred Riales
to talk about several of While wholesale electric costs
W. F. Rogers the positive aspects of being a Pee did dramatically increase, Pee Dee
LaShon Sellers Dee Electric Cooperative member. Electric has been fortunate to pass
Don Teal At the beginning of October, as along savings to you in the form of a
we do every year, Pee Dee Electric wholesale power credit on your power
Pat Thomas-Toney
mailed Capital Credit checks to the bill for 12 out of the last 14 months.
members of the cooperative. This year, In 2009, the wholesale power credit
Office Hours these checks totaled more than reduced members’ bills by $3.76 mil-
8 a.m.–5 p.m.
$3.7 million. This money goes back lion. In 2010, through the month of
Monday–Friday
to those we serve right here in the July, the wholesale power credit has
Corporate Headquarters Pee Dee, helping to boost our local reduced members’ bills by $4.81 mil-
1355 East McIver Road economy as members and their lion. Because your cooperative is
PO Box 491 families patronize local businesses. a non-profit entity, when Pee Dee
Darlington, SC 29540 And if your Capital Credit check was Electric saves money, so do you.
less than $50, you will see a credit for And the positive news continues
District Office that amount on your electric bill. with the fact that the trustees,
1811 North 501 Bypass This Capital Credit retirement management, and employees of Pee
Marion, SC marks the 34th consecutive year Dee Electric remain dedicated to
that Pee Dee Electric members continuing to save you money and
Report Power Outage
have received returns from your providing you with the best service
(843) 665-4070
Toll-Free (866) 747-0060 cooperative. Over the past decade, possible!
checks totaling almost $36 million All of us at Pee Dee Electric
Website have been returned to PDEC Cooperative are looking forward to
PeeDeeElectric.com members! Pee Dee Electric’s record of the 71st Annual Meeting. I hope to
consistently paying capital credits to its see you there, and wish you the best
Co-op News Editor members is a testament to the sound of luck during the prize drawings.
Tom Kinard fiscal management and responsible As always, we have some wonderful
stewardship of the trustees, prizes for you. For Annual Meeting
management, and employees of your details, please see page 20A.
cooperative.
Over the past year, we have all
received with enthusiasm a new
concept known as the “wholesale
power credit” or “WPC.” Back James A. Goodson
in 2008, experts were projecting Chairman, Board of Trustees
4 SOUTH CAROLINA LIVING | OctOber 2010 | SCLIVING.COOp
News
Receive up to a $250
rebate with H2O Select!
h2O select is a water
heater rebate
program offered
Jef f ’s Energy Tips to qualifying
members of Pee
Dee Electric
Cooperative.
Jeff Singletary It provides rebates up to $250 for
PDEC Energy Expert installing new high-efficiency electric
water heaters in existing homes or new
construction.
OctOber Is my time of year. The first your home more comfortable and less
real chilly mornings make the coffee expensive to heat in the winter and How do i Participate
taste a little better, nature’s palette cool in the summer. An attic tent also in H2O Select?
works overtime making the trees a stops humidity from entering your
sight to behold, and it’s time for our home, thus reducing the possibility of 1. Purchase a 50- to 79-gallon electric
Annual Meeting. Please stop by our mold forming. water heater and receive a $200
information booths on Saturday, Fall is also the time to do some rebate.*
October 23, at the Florence Civic Center. little things that will make spring 2. Purchase an 80-gallon or larger
We’ll have complete information a more enjoyable season. Put your electric water heater and receive a
about the H2O Select Water Heater garden hose up. Many of us attach $250 rebate.*
Program, Surge Guard protection for a hose to an outside spigot in March Water heater must meet qualifying
your home, ERC loans for energy- or April and leave it hidden in the installation requirements including:
efficient upgrades plus Dual Fuel and shrubbery all summer. If you fail to
f a control switch installed by PDEC
Ground Source Heat Pump rebates. put it in a protected place during
at no cost to the member
We will also have the Help My winter months, you may find next
House Energy Efficient Display. As spring your hose has sprung—a leak! f 10/2 copper wire with ground
you can see from the photo, this scale Look for openings around your
f 30 amp/two pole breaker
model shows the different types of house that need insulation or silicone
insulation and lighting available to caulking. How do i cash in on H2O Select?
homeowners. We will explain how Be sure to see me at the Annual Simply contact a marketing
each works and which representative to determine what size
type of insulation or water heater best suits your needs.
lighting product can help
you save money on your Normally:
energy bill. f 50-gallon size for one–three people
Fall is a good time to
f 80-gallon size for four or more
prepare your home for
people
winter and even next
summer. It’s the most Purchase and have the water heater
comfortable time to work properly installed as noted above.
in your attic. You can PDEC will then come out, inspect
add insulation without and install a control switch.
becoming drenched in Let Pee Dee Electric’s Energy
perspiration or feel like you’re freezing. Meeting on October 23 for more energy- Experts help you save money and
You can install an attic tent. The saving tips. You can visit our website energy! Call (843) 665-4070 or toll free
attic tent is an easy and affordable anytime at PeeDeeElectric.com. at (866) 747-0060 for more information
do-it-yourself solution for making Have a great fall. or to apply for your rebate.
SCLIVING.COOp | OctOber 2010 | SOUTH CAROLINA LIVING 5
Co-op News EXTRA
2010 Annual Meeting October 23
a s a member of Pee Dee Electric
Cooperative, you have an opportunity
A Health Fair by Carolina Hospital
System, information booths and more
4, 7 and 9. Incumbent Trustees Louise
Kelley (4), Don Teal (7) and Jule
not available to consumers of other will be available. Popular local artist, Conner (9) have been nominated by
types of utilities—your Annual Todd Norris, will again entertain the Nominating Committee.
Meeting. It’s held so you and and don’t forget the prize drawings Please make every effort to attend
your fellow members can vote for held after the business meeting. your Annual Meeting. Registration and
your trustees, learn more about Please look for more information the Health Fair begin at 9 a.m., Todd
your cooperative and, perhaps, on the official notice attached to Norris performs at 11 a.m., and the
win a nice prize. The meeting is this magazine. Be sure to bring your Business Meeting is at 12 noon. Prize
scheduled for Saturday, October 23, registration slip. drawings follow.
at the Florence City-County Civic Three trustee seats are up for
Center. Please plan on attending. election this year. They are Districts
The Candidates
District 4 District 7 District 9
Louise Kelley Don R. Teal Jule Conner
Hartsville Patrick Marion
2000–Present 1992–Present 1975–Present
Mrs. Kelley is Secretary-Treasurer of the Mr. Teal is a Credentialed Cooperative Mr. Conner holds a Credentialed
Board of Pee Dee Electric Cooperative. Director. He serves on the Board of Cooperative Director Certificate and
She holds the Credentialed Cooperative Trustees of the Electric Cooperatives has served on many statewide and
Director and Board Leadership Certifi- of South Carolina, Voting Delegate and national boards and committees
cates. She also serves on the Board’s the Executive Committee of Pee Dee including being named a CFC and
Executive Committee. Mrs. Kelley Electric Cooperative. Mr. Teal, a farmer, NRECA Delegate. Mr. Conner is a retired
is a retired schoolteacher and a is a delegate on the Worker’s Comp product engineer with ESAB and is a
member of Kellytown Baptist Church. Self-Insurers Fund. Steward at Wise Chapel AME Church.
Nominee Nominee Nominee
SCLIVING.COOp | OctOber 2010 | SOUTH CAROLINA LIVING 20A
Pee Dee Electric Cooperative
2010 Annual Meeting
Saturday, October 23
Pee Dee Electric Cooperative
cordially invites all
members to be a part of Florence City-County
this year’s annual meeting. Civic Center
Registration repre
senta
Gifts: tive p
hoto 9:00 a.m. – 12:00 Noon
Cooperati
ve Registration
Electric
$g1V5cher
Pee Dee
GRAND PRIZE 9:00 a.m. – 11:30 a.m.
2003 GMC Pickup Health Fair
Ener y ou
and a 11:00 a.m. – 12:00 Noon
CFL Flood Light Entertainment
Todd Norris
Door Prizes - WIRE Raffle - Bonus Prizes ($300, $400, $500 Energy Vouchers)
Information Booths - H2O Select Water Heater Program - SurgeGuard Protection 12 Noon
and much, much more! Business Meeting
All prize drawings will be held after Prize Drawings
the business meeting. You must be
present to win the truck.
(843) 665-4070 (866) 747-0060
Peedeeelectric.com toll free
20B SOUTH CAROLINA LIVING | OctOber 2010 | SCLIVING.COOp
Summary of Operations
ANNUAL REPORT TO MEMBERS
Ending December 31, 2009
SYSTEM STATISTICS
2009 REVENUES 2009
Number of meters Residential Sales $ 53,632,379
connected 30,313 Commercial Sales 20,915,984
KWH Sales 711,007,009 Other 852,608
Average cost per KWH TOTAL OPERATING REVENUE 75,400,971
(including industrial
OPERATIONS EXPENSE
members) 0.1060
Cost of Wholesale Power 47,005,633
Peak KW demand 195,938 Operations & Maintenance 5,567,566
Average Residential Administration, General & Other 7,335,989
KWH per month 1,284 Depreciation 4,931,664
Average Residential Interest 3,406,105
Bill per month $ 162.15 Taxes 2,436,021
Miles of Line 3,891.46 TOTAL EXPENSE 70,682,978
Number of Employees 91 MARGINS
Operating Margins 4,717,993
Net Non-Operating Margins 1,750,055
Capital Credits from Associated
Organizations 425,638
TOTAL MARGINS $ 6,893,686
HOW YOUR DOLLARS ASSETS
WERE SPENT IN 2009 Cash 112,428
Temporary Investments 24,686,378
OPERATIONS, 3,528,775
Net Accounts & Notes Receivable
MAINTENANCE &
GENERAL EXPENSE Other Current & Accrued Assets 5,204,234
Total Electric Plant 134,483,130
16.6 Depreciation (Reserve) (43,411,452)
INTEREST Other Property & Investments 11,392,635
4.4 TOTAL ASSETS $ 135,996,128
DEPRECIATION EQUITIES
6.4 Patronage Capital 49,032,522
MARGINS TO Other Equities 1,979,004
MEMBERS 8.9 TOTAL EQUITIES $ 51,011,526
TAXES 3.1 WHOLESALE POWER LIABILITIES
Long Term Debt 70,906,959
60.6
Accounts Payable 5,209,761
Other Current & Accrued Liabilities 8,867,882
TOTAL LIABILITIES $ 84,984,602
TOTAL EQUITIES & LIABILITIES $ 135,996,128
100%
SCLIVING.COOp | OctOber 2010 | SOUTH CAROLINA LIVING 20C
Be prepared for
dangerous weather
anytime of
the year.
Follow these tips and play
it safe around electricity.
Storms
■ Stay indoors, away from windows and doors.
■ Unplug electronic equipment before the storm arrives and
avoid contact with electrical equipment or cords during storms.
■ If you lose power, call Pee Dee Electric at 843-665-4070 or
toll free 866-747-0060 to report the outage.
Generators
■ Never plug a portable electric generator into a regular household
outlet. Always use the proper power cords.
■ Never use a generator indoors or in an attached garage.
■ To avoid electrical shock, make sure your generator is properly
grounded.
Visit PeeDeeElectric.com for more
electrical safety tips.
843-665-4070 Toll Free: 866-747-0060
20D SOUTH CAROLINA LIVING | OctOber 2010 | SCLIVING.COOp