Every member. Every time. 2022 Annual Meeting recap

I’d like to thank every­one who attend­ed our 2022 Annu­al Meet­ing. More than 3,500 mem­bers attend­ed our sec­ond com­plete dri­ve-thru event. Your co-op is here to serve you, our mem­bers and our own­ers, pro­vid­ing afford­able, safe and reli­able ener­gy and mak­ing pos­i­tive impacts in our com­mu­ni­ties. Every mem­ber. Every time.

2022 Annu­al Meet­ing pho­tos »

If you missed it, the busi­ness meet­ing and elec­tion results were record­ed and can be found on our web­site. In the mean­time, here are some high­lights to show you your co-op is in great shape:

• For anoth­er year, I thank our Lord for pro­tect­ing us from a major injury and large-scale out­age.
• Since it began in 2000, our mem­bers have giv­en more than $3.4 mil­lion dol­lars back to the com­mu­ni­ty through our Oper­a­tion Round Up pro­gram, mak­ing a pos­i­tive dif­fer­ence in the lives of oth­ers.
• We are proud to announce that we do not antic­i­pate a rate increase for anoth­er two years.
• The board of trustees approved the largest dis­tri­b­u­tion of cap­i­tal cred­its in YEC’s his­to­ry, return­ing $2.5 mil­lion to mem­bers in May.
• Over 2,000 mem­bers respond­ed to our Amer­i­can Cus­tomer Sat­is­fac­tion Index and the results are in. Your coop­er­a­tive scored a 94, pro­vid­ing YEC with one of the high­est scores among more than 700 com­pa­nies across the coun­try.
• We’re work­ing to shape our future by incor­po­rat­ing new, inno­v­a­tive tech­nol­o­gy, includ­ing upgrades to 11 sub­sta­tions, devel­op­ing spe­cial rates and ser­vices for elec­tric vehi­cles and pro­vid­ing in-home smart devices to bet­ter equip mem­bers to mon­i­tor ener­gy and save mon­ey.
• To con­tin­ue improv­ing ser­vice reli­a­bil­i­ty, we’re invest­ing in two new 100-kilo­volt trans­mis­sion lines that will serve two of YEC’s sub­sta­tions: Flint Hill, near Carowinds, and India Hook in Rock Hill.
• Through our Rur­al Inter­net Project, YEC has now pro­vid­ed high-speed Inter­net access to 1,500 mem­bers who did not have this ser­vice a year ago. Con­struc­tion con­tin­ues, which will pro­vide high-speed Inter­net access to the remain­ing unserved mem­bers in the next 14 months.

In sum­ma­ry, rates will stay low, rebate checks will con­tin­ue to be large, rur­al inter­net is being installed and elec­tric ser­vice reli­a­bil­i­ty is excel­lent. Your co-op is in great shape and our ded­i­ca­tion to con­tin­ue look­ing out for you remains true.

Sin­cere­ly,

 

 

Paul Basha
Pres­i­dent and Chief Exec­u­tive Offi­cer

---

Board of trustees 2022 election results

 

 
Dis­trict 1 Trustee
William Roy “Will” Mitchell

 

Dis­trict 2 Trustee
Mar­i­on Com­er

 
 

Dis­trict 3 Trustee
Richard B. Sadler