Company Profile
Seminole Electric Cooperative, Inc.
Company Overview
Seminole Electric Cooperative Inc. is a generation and transmission cooperative located in Tampa, Florida. Approximately 1.6 million individuals and businesses in 46 of Florida's 67 counties rely on Seminole and its 10 member distribution systems for their electric power. Robust population growth in Florida and particularly in Seminole's service territory will require the addition of more than 4,000 MW of new generating capability over the next decade, based on current forecasts. Our coal-fueled, 1300 megawatt Seminole Generating Station is located in Putnam County and was put into commercial service in 1984. The Payne Creek station, located in Hardee County, is a 500 megawatt combined cycle plant that uses natural gas as its primary fuel source.
Seminole offers competitive salaries and a wide range of benefits including a pension plan, a separate 401k plan with matching funds, health insurance, dental insurance, life insurance, and disability insurance. Insurance coverage begins on the first day of employment. Qualified dependents are eligible for partially co-op subsidized health and dental coverage.
Seminole also offers comprehensive in-house training and development programs and educational assistance to provide for employee growth and better serve our member systems and their retail member-owner consumers.
For more information on Seminole, please visit our web site at www.seminole-electric.com.
Company History
The Rural Electrification program was established by President Franklin D. Roosevelt in 1935. Consumer owned cooperatives were formed to bring electricity to rural areas that had been spurned by for-profit suppliers. Seminole was incorporated in 1948 to give a group of Florida electric distribution co-ops buying clout, by aggregating their demand. Seminole was a "paper G&T" (generation and transmission co-op) until the early 1970s, when an Arab oil embargo prompted the decision to build a Seminole-owned power plant. Today, Seminole helps its member systems lower their wholesale costs by providing a flexible mix of owned generation and purchased power contracts. Supply contracts with other utilities, independent generators, and power marketers help balance the risks and benefits of short- and long-term supply commitments, while maximizing use of available in-service resources.
Benefits
The Seminole Electric Cooperative, Inc. benefit program includes the following:
Premium Medical/Dental Coverage
· No cost for employee coverage
· Effective day one of employment
· Choose between 2 medical plans & 3 dental plans
Disability Insurance
· Short & Long term
Life and Accident Coverage
· Basic Life at two times annual salary
· Additional Supplemental Life
· Life insurance for eligible dependents
· Accidental Death and Dismemberment
· Business Travel Insurance
Section 125 (Flexible Spending Account)
· Earmark pre-tax dollars for a variety of health & dependant care expenses resulting in tax savings
401(K) Retirement Savings Plan
· Effective on the first day of the month following 30 days of employment
· Company match up to designated percentage
· 100 percent vested day one of enrollment
· Seven funds to choose from
Pension Plan
· Employees age 21 or older who have completed at least one full calendar month of service, are eligible to participate
Employee Assistance Program
· Professional, no-cost, confidential counseling available to employees and their immediate dependants
Annual Leave (Vacation)
· Maximum accrual of 26 days depending upon length of service
Sick Leave
· Upon retirement, unused sick accrual may be converted into credits based on designed percentage, to pay for continued group health insurance
Holidays
· Eight company-paid days
· Three company-paid "floating days"
Safety Award Hours
· Two hours of annual leave are awarded for each quarter that employees do not exceed a targeted injury rate.
Baby Bond Program
· $50 savings bond presented to newborn children of employees
U.S. Savings Bond Payroll Deduction Program
· Enables time-payment purchase of $100 savings bonds
Educational Assistance
· Reimbursement in accordance with guidelines
Computer Finance Plan
· Interest-free loan for employees to acquire and finance personal computers, pda's, and computer hardware & software
Awards
· Recognizing 5, 10, 15, 20 and 25 year anniversaries
· Special effort and selected suggestions
Discount Programs
· Take Advantage of numerous cost-saving offers