Company Profile
Seminole Electric Cooperative Inc.
Company Overview
Seminole Electric Cooperative is one of the largest generation and transmission cooperatives in the U.S. Its primary mission is to provide reliable, competitively-priced wholesale electric power to its 10 member systems, which include four of the largest distribution cooperatives in the nation.
More than 1.7 million individuals and businesses in portions of 45 Florida counties rely on Seminole's member systems for electricity. About 90 percent of our members' nearly 900,000 meter connections are residential.
Seminole owns more than 400 miles of transmission line that interconnects its generating facilities to Florida's transmission grid. About 90 percent of Seminole's member load is served using the transmission systems under long-term contracts. The Cooperative's primary resources include Seminole Generating Station in northeast Florida and Richard J. Midulla Generating Station in south central Florida. Seminole also owns a 15 megawatt share of Progress Energy Florida's Crystal River 3 nuclear plant.
Company History
Seminole Generating Station went into commercial service in 1984. It consists of two 650 megawatt coal-fired generating units. This facility is located in Putnam County, near the St. Johns River, south of Jacksonville. A $282 million emission control upgrade project completed in 2009 keeps this station one of the cleanest coal facilities in the U.S. in terms of regulated emissions.
Richard J. Midulla Generating Station, located in Hardee County, northwest of Wauchula, is an 810 megawatt facility. It uses natural gas as its primary fuel source. The Midulla Station's 500 megawatt combined cycle unit began commercial operation in 2002. An additional 310 megawatts of peaking capacity went into service at this location in December 2006.
Seminole maintains a balanced and diversified generation portfolio that includes owned facilities as well as capacity and energy provided through short- and long-term purchase agreements with other utilities and independent power producers. These resources reflect a mix of technologies and fuel types, including one of the state's largest renewable energy portfolios. The diversity in Seminole's generation mix reduces exposure to changing market conditions, helping to keep rates competitive.
Seminole is led by an experienced management group and governed by a 30-member board of trustees. The board is comprised of three representatives from each member system.