Month: April 2017

Horry Electric Cooperative’s 76th Annual Meeting is scheduled for Tuesday, May 9 at Coastal Carolina University.

Only those who register, in person, to participate in the Annual Meeting of Members of Horry Electric Cooperative, Inc., between the hours of noon and 7 p.m. on Tuesday, May 9, at Coastal Carolina University are eligible to receive the Annual Meeting Registration Gift. ABSOLUTELY NO EXCEPTIONS! 

 Members will need their card, PLUS A PHOTO ID in order to qualify for Speedy Pass registration.  

The date and location of the meeting, as well as the hours for Registration and Voting, are clearly indicated on the front and the back of the card.  

The Horry Electric Cooperative Annual Meeting of Members is a MEMBERS ONLY event. Each member who registers, in person, at the meeting during the designated hours for Registration and Voting, will not only qualify to get the Registration Gift but will also be automatically entered into the prize drawing. REGISTERED MEMBERS DO NOT HAVE TO BE PRESENT TO WIN. All winners, if not present at the time of the drawing, will be notified by phone the following day. 

After VERIFICATION OF MEMBERSHIP, a MEMBER will be counted toward the quorum and will be able to Vote in the Trustee Election. There is a quorum requirement of 5% of the membership in order to conduct the business meeting. Member stickers will be provided to each Registered Member to indicate access to the Voting area is permitted.  With a preliminary estimate of 62, 383 members of Horry Electric on Annual Meeting Day, that means a minimum of 3,119 members are needed to register so business can be conducted. 

For additional details about the 2017 Annual Meeting of Members, visit horryelectric.com and look for Annual Meeting 2017 under the Quick Links.

Not many businesses pay you for buying something you wouldn’t want to live without, but electric cooperatives do!  

This year, members of Horry Electric Cooperative will be receiving a portion of the capital credits assignment for 1995, 1996 and 2016.  

The allowable retirement is $3,763,892 less $400,000 in estate payments. The total amount being distributed is $3,363,892, which includes the $1,535,097 balance of 1995; the $1,528,795 balance of 1996 and $300,000 of 2016. If you were a member in 2016, you will receive 1.5% of your 2016 assignment. If you were a member in 1995 and/or 1996, you will receive the remaining unretired balance of your assignment for that year. 

Capital credit disbursements are made by the end of April. Due to the expense of processing and issuing checks, members with refunds in amounts less than $10 will see a credit on their electric bill. 

Members can calculate the approximate amount of their 2016 allocation and disbursement by using the chart shown below. It was designed to help members calculate and estimate what their capital credit check or electric bill credit might be.

Questions about Capital Credits?  Visit horryelectric.com or call 843.369.2211.