On April 16, LCEC will host the 20th Annual LCEC United Way Fishing Tournament. This tournament has raised over $365,000 for the United Way since it began twenty years ago! Anglers come from throughout the state to participate in this popular tournament which features great fishing, delicious food and a HUGE raffle with hundreds of prizes awarded.
This milestone tournament is being held at some of Southwest Florida’s best fishing locations; Pine Island Sound, Charlotte Harbor and surrounding waters. The cost per person is $65 before April 13 and $75 thereafter. A mandatory captain’s meeting will be held at 6 p.m. on April 15 at D & D Matlacha Bait and Tackle. All participants will receive a commemorative long-sleeve shirt and a delicious home-cooked BBQ meal! Meals for guests and non-fisherman can be purchased for $5 during weigh-in.
LCEC is extremely grateful to employees, return fishermen, vendors and local businesses for their continued support over the years. For details on prizes, donations or entry into the tournament, visit www.uw.lcec.net/fish.html, contact firstname.lastname@example.org, or call Dana Nicloy at 239-656-2122. Don’t miss this chance to reel in fish, fun and funds for the United Way!
Established in 1940, Lee County Electric Cooperative, Inc. (LCEC) is a not-for-profit electric distribution cooperative serving Cape Coral, North Fort Myers, Marco Island, Sanibel and Captiva Islands, Pine Island, Everglades City, Immokalee, Ave Maria, and parts of Lehigh Acres. LCEC is a major contributor to the local economy as one of the largest employers in Lee County with 400 employees and by its support of many local agencies through charitable giving and volunteerism programs, including the United Way, American Heart Association, American Cancer Society, Junior Achievement and local school districts. People. Power. Possibilities. Delivering the Power that Energizes our Community. Learn more about LCEC online at www.lcec.net.
On Saturday, January 9, 2016, at least one tornado, possibly more, caused extensive damage to the LCEC system.
Breakdown of restoration efforts:
Saturday, January 9, 2016:
-9,500 customers without power at 7:30 p.m. following severe weather in Cape Coral
-7,000 customers have power by 10 p.m.
-120 workers, consisting of LCEC crews and support teams, work around-the-clock to restore power to customers still without power
Sunday, January 10, 2016:
-250 customers remain without power as this evening.
Monday, January 11, 2016:
-All customers restored by 4 p.m.
Nearly 70 poles had to be replaced within a 12 mile area due to the severe weather that impacted Cape Coral. Several LCEC employees living in Cape Coral were personally impacted by this severe weather including an employee who was caught in the path of the tornado and became trapped in her car with her husband and two-year-old daughter after an electric pole fell in front and behind her vehicle.
Thank you to all impacted LCEC customers for their patience and support as we worked to restore power. We are humbled by all the kind emails, calls and letters sent in thanking us for our hard work. LCEC is also extremely grateful that no employees were harmed in the severe weather or restoration efforts.
Beginning January 1, LCEC customers saw the fourth rate decrease in two years. LCEC electric rates are below the national average, and among the lowest of 56 utilities in Florida. Employees work hard to provide the best possible price for reliable service to customers and it was possible to reduce rates again due to a calculated business strategy, process improvements, cost management, use of technology and efficient work practices.
As an electric cooperative, LCEC is not in business to make money, only to serve its members/customers by delivering reliable, cost competitive electricity and service. LCEC is governed by its members represented by a ten-member Board of Trustees. At their December meeting, the Board reached a unanimous decision to reduce rates again in 2016. This marks a residential rate reduction of nearly seven percent since 2014, bringing rates from $114.16 per 1,000 kWh to $106.55 per 1,000 kWh. Customers are paying less for electricity now than they were in 2008!
According to the Florida Municipal Electric Association, the average investor-owned electric utility rate in Florida is $128.59 per 1,000 kWh. The average rate for the 33 municipal electric utilities in Florida is $114.41 per 1,000 kWh. LCEC rates are well below the state average and the lowest among Florida cooperatives.
LCEC also returned more than $10 million to active and inactive cooperative members in 2015 in the form of retired equity. Cooperative members invest in the electric system and are allocated equity annually. This reduces the need for costly loans or bonds that would increase electric rates. When it is financially feasible, a portion of the equity is retired and returned to members/customers. Over the years, LCEC has retired and returned more than $231 million in equity.
One of the LCEC long-range business objectives is to become one of the lowest-cost residential electric providers in Florida. LCEC is currently among the lowest ten and striving to balance low rates with maintaining and operating a reliable electric system.
About LCEC: The LCEC headquarters in North Fort Myers, Florida, is in the same location where the cooperative originated in 1940. Approximately 375 skilled employees are positioned throughout the five-county service territory, working varied schedules to ensure customers’ energy needs are met around the clock.
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