SC | co-op news YORK Twice is nice York Electric returns another $1.5 million to members www.yorkelectric.net 1385 E. Alexander Love Hwy. York, SC 29745 1-866-374-1234 MEMBER SERVICES (803) 684-4248 MAIN OFFICE (803) 684-4247 (800) 582-8810 Hours: 8 a.m.–5 p.m. Monday–Friday FORT MILL OFFICE 2089 Hwy. 21 Bypass Fort Mill, SC 29715 (803) 548-4244 Hours: 8 a.m.–12:30 p.m. and 1:30 p.m.–5 p.m. BOARD OF TRUSTEES E. Jack Cornwell Chairman, District 2 Max T. Settlemyre Vice Chairman, District 1 Richard B. Sadler Secretary/Treasurer, District 9 Richard M. Roach, District 3 Paul D. Poston, District 4 Carolyn Hicks Boyd, District 5 William Roy “Will” Mitchell, District 6 Marion Comer, District 7 FOR THE FIRST time in YEC’s history, we were able to return $1.5 million dollars back to our members through capital credits in May of 2019. While this milestone shows your cooperative is in tip-top fifinancial shape, it also means there’s more money back in your pocket. After reviewing our margins for the remainder of this year, your Board of Directors made the decision to retire another $1.5 million dollars to you THIS YEAR. That’s right–YEC will return capital credits for a second time back to our members in 2019. Checks should hit mailboxes around the fifirst week in December, just in time for Christmas. As a reminder, capital credits are based on your co-op’s yearly margins which means investments in your cooperative’s future, growth and fifinancial health are evaluated each year before determining the amount we can return to you. Rest assured our Board of Directors takes this matter seriously and always has your best interest at heart. For example, we are proud to have the lowest published electric rates in South Carolina and haven’t raised rates in nine years and don’t anticipate any increase for 2020. As a member, you own a piece of the co-op pie and are returned a portion of the profifits based on your energy use and years of membership. In May, we returned money back to YEC members who received service from York Electric during the years 1996, 1997 and 2017. The second 2019 retirement will be for members who received service in 1997 and 2017. If your refund is less than $15, the amount will be printed as a line item credit on your utility bill. Returning capital credits is just another way YEC is always looking out for you. To see more ways your co-op is investing in our greatest asset, our members, look at our year-end YEC is proud to have locals looking out for you, climbing to new heights to serve you with better technology, communication, reliability, and integrity. member comfort recap, our scholarship opportunities, and the winners of our fifirst Bright Ideas Grant program and more local news in this issue. Thank you for making 2019 one of our best years yet. Here’s wishing you and your family a Happy Thanksgiving and a Merry Christmas. PAUL BASHA President and Chief Executive Officer Tommie Bratton, District 8 PRESIDENT & CHIEF EXECUTIVE OFFICER Paul Basha CO-OP NEWS EDITOR Porter W. Gable FIND US ON 4 SOUTH CAROLINA LIVING | NOVEMBER/DECEMBER 2019 | SCLIVING.COOP PORTER GABLE