April 2009 - Florida Keys Electric Cooperative

Transcription

ANNUAL
REPORT
2008
Annual Meeting
Saturday, April 18
see back cover
2009
Annual Meeting
& Picnic
in conjunction with the...
Saturday, April 18, 2009
Coral Shores High School
Plantation Key, Mile Marker 90
10 a.m.
Kids Show Begins
11 a.m.
FKEC Registration
12 p.m.
Bill Chitwood
1 p.m.
FKEC Annual Meeting
This year, don’t miss Bill Chitwood
entertaining the crowd
with his wit and wisdom at the
pre-show in the auditorium!
FREE Lunch, Gifts & More!
If you enjoyed Gary Claxton last year
then you will love Bill Chitwood’s
humorous program on leadership,
ethics, and self-esteem for all ages!
Your REGISTRATION CARD is on the BACK COVER!
Gym
Auditorium:
FKEC Annual Meeting
Auditorium
Courtyard
Cafeteria
Gymnasium:
Sun 103.1 Kids Show
Cafeteria:
Free Lunch for FKEC Members
Parking
Old Highway
Court Yard:
Informative & Interactive
Cooperative Booths
ON THE COVER: Florida Keys Electric Cooperative installed two grid-connected solar arrays in 2008. The pictured array will produce a
maximum capacity of 96.6 kilowatts and is located adjacent to FKEC’s Marathon Operations Center. To read more about FKEC’s solar energy
projects, see the enclosed 2008 Annual Report.
COVER PHOTO BY REBECCA CALLAHAN NEWMAN
FOCUSED
on the
FUTURE
New Storm Hardened
Tavernier Operations Center
In October 2007, FKEC’s Board of Directors signed a
contract for the construction of a storm hardened
warehouse/office complex in Tavernier as the culmination
of more than four years of planning, designing, revising and
compromising to create the most useful, most cost effective,
and most community-minded facility possible to serve the
31,000 members of our community cooperative.
The $13.67 million center was designed for category five
hurricane preparedness and survivability, operational
efficiency and safety, and energy efficiency and conservation.
“Green” Building
• Large warehouse designed to protect
bucket trucks inside during storms.
• Entire structure elevated above flood level.
• Built of poured concrete, including the roof.
• Warehouse building reinforced to safeguard
the materials necessary for restoration.
• Facility planned to operate in stand-alone
mode for at least 72 hours.
• Adequate generation, fuel, water, food and
food preparation facilities to operate for at
least three days without outside assistance.
• Reinforced cafeteria/multipurpose room
included in new operations center with an
attached commercial kitchen to house and
feed employees and any outside crews
called in to assist.
Large Warehouse to Protect Equipment
4
Photo by John Stuart
Photo by Aerial Photography, Inc.
• High efficiency chillers in lieu of standard central air.
• 30,000 gallon cistern for watering and truck washing.
• Louvered red "eyebrow" around exterior to direct
natural light into the building while keeping heat out.
• Solar-assist water heating and reflective white roof.
• Coral rock mined from site reused at minimal cost.
• Recycled building materials where possible.
• Cross-ventilation system in the warehouse.
• Water-saving toilets with two flush settings.
Hurricane Survivability
Elevated & Built of Poured Concrete
florida monthly april 2009
Florida Keys Electric Cooperative Association, Inc. • 2008 Annual Report
READY for the STORM
The new warehouse was
designed to protect FKEC’s
bucket trucks during a storm.
Safety & Efficiency
Photo by Paula Maxham
• Employees and member-consumers no
longer have to cross U.S. 1.
• The Tavernier administrative offices
and operations center are now under
one roof along with member services,
the drive-through window, engineering
and consumer accounting.
• The facility combines all functions for
greater operational efficiency, better
member service and increased safety for
consumers and employees.
Scott Newberry
David Ritz
Chief Executive Officer
President of the Board
In planning this building, we had to consider all
the elements necessary to provide great service
on both an average day and on our most
challenging day – the day after a potentially
devastating hurricane. Now we’re ready.
Replaces Hurricane Prone Facilities
5
FKEC • 2008 Annual Report
THINKING about TOMORROW
Marathon Solar Array
• Maximum capacity of 96.6 kilowatts.
• 552 separate 175-watt solar modules.
• Installed on half acre field beside
FKEC’s Marathon Operations Center.
• Expected annual output of 135,240
kilowatt hours (kWh).
• Annual cost per kWh is 30 cents.
Crawl Key Solar Array
• Maximum capacity of 21 kilowatts.
• 120 separate 175-watt solar modules.
• Installed in the Crawl Key Substation.
• Expected annual output of 29,400 kWh.
• Annual cost per kWh is 31 cents.
Purchased Power Comparison
• In 2008, FKEC sold 650,000,000 kWh.
• The two solar arrays will produce
0.025% of FKEC’s annual energy sales,
or enough to power about 13 homes.
• Current average cost per kilowatt hour
for power from FPL is 9 cents.
Renewable Energy Bond
• FKEC installed the arrays with
$1 million worth of funding from the
Internal Revenue Service’s Clean
Renewable Energy Bond program.
Current Performance Information
Current performance data for the Marathon Solar Array can
be viewed online by visiting www.FKEC.com.
We are continually looking ahead and hoping
that with increased demand from utilities like
FKEC, solar power generation will become
much more efficient and cost effective. We
see this as the first step in the right direction.
Second Array in Crawl Key Substation
6
HARNESSING
the Power of
SUNSHINE
First Grid-Connected
Solar Arrays in the Keys
FKEC further extended its commitment to the
environment in 2008 by installing Florida’s second
largest solar array to feed “green” power into the
local power grid.
The Co-op installed approximately 120 total
kilowatts of solar power generation in two arrays,
one in Marathon and one on Crawl Key.
The cooperative’s solar project is in part a
response to Florida Gov. Charlie Crist’s request
that 20 percent of the state’s energy be provided
through renewable resources by 2020.
Paola Elorza
John Hammerstrom
Scott Newberry
Environmental Reporter
Channel 23 Miami
FKEC Member with First
Interconnected Solar Home
Chief Executive Officer
7
PLANNING
for the Road
AHEAD
$1,185,000 Refunded to You
Strengthening & Upgrading
Your Local Power System
Florida Keys Electric Cooperative invested
$5.3 million in strengthening and upgrading your
local power system in 2008, and your hometown
cooperative continues to focus on improving the
reliability and quality of the power delivered to our
member-consumers in the Upper and Middle
Florida Keys. Your nine-member board of directors
is dedicated to delivering high quality,
competitively priced energy and services to you, the
community we serve.
Florida Keys Electric Cooperative
2008 Board of Directors
As members, all of FKEC’s customers contribute
proportionately to the company’s capital and, over time, are
refunded the amount collected in excess of expenses. In 2008,
the Board of Directors proudly returned $1,185,000 to you,
our members.
99.99% Reliability
In 2008, we again achieved 99.99% reliability with only
45 minutes average outage time per member. This is more
than four times better than the national average of 202
minutes for all U.S. cooperatives in 2007.
David Ritz, District 1 • President
• Appointed in 1999
• Elected in 2001, 2004, 2007
• Elected President in 2005
• Credentialed Cooperative
Director
• Board Leadership Certificate
contributed photo
Gretchen Holland, District 1 • V.P.
Dr. Jim Boilini, District 1
• Elected in 2005
• Re-elected in 2008
Director
• Elected in 2000; re-elected in 2003
• Elected Vice President in 2005
• Re-elected in 2006, 2009
• Credentialed Cooperative Director
Craig Belcher, District 2
Frank Hawkins, District 2 • Treasurer
• Elected in 1997
• Re-elected in 2000, 2003, 2006, 2009
• Served as Treasurer since 2003
Director
• Elected in 1999 by District 1
• Re-elected in 2002; served as V.P.
• Moved/resigned in 2004; Re-elected
in 2005 and 2008 by District 2
Director photos by Pete Bacheler or Randy Chaney
8
GIVING BACK to YOU
BOARD OF DIRECTORS: FKEC’s Board represents consumers in four voting districts: (1) Key Largo; (2) Tavernier;
(3) Islamorada; and (4) Marathon. The Board has the authority to establish policies to promote a progressive, financially-sound
utility. Each director must be a member in his or her district. Directors serve three-year terms.
H.B. Barrett, District 3
• Elected in 2002
• Re-elected in 2005 and 2008
• Served on FKEC’s Charitable Trust
board for eight years
George Hertel, District 3
• Elected in 2004
Director
Michael Puto, District 4 • Secretary
Karl Wagner, District 4
• Elected in 2004
• Working toward Credentialed
Cooperative Director Certificate
• Elected in 1993
• Longest standing FKEC Director
• Re-elected for five terms:
1996, 1999, 2002, 2005, 2008
9
99.99%
RELIABLE
Average Time
in Service in 2008:
525,555 Minutes
Four Times More Reliable
Than the National Average
In 2008, Florida Keys Electric Cooperative
once again achieved an outstanding 99.99%
reliability for the year. Member-consumers of
FKEC’s power system experienced an average of
only 45 minutes out of service, which is more than
four times better than the 2007 national average of
202 minutes (3.37 hours) for all U.S. cooperatives.
This high reliability is due partly to good
weather and no wind events, but it is also
attributable to a combination of efforts, including a
strong preventative maintenance program in the
substations and on the lines, an aggressive tree
trimming schedule, a commitment to replacing old
and worn poles, and a fast and efficient response to
outages by our line crews and system operators.
Average Time
Out of Service in 2008:
45 Minutes
Automated Outage Reporting System
Faster Outage Response Times
10
Also in 2008, FKEC implemented an advanced outage
response system after a year of intensive system inventory to
record the GPS location of every piece of power equipment
from North Key Largo to Marathon.
The new fully automated system uses live calls to
determine if an outage is limited to one house, street or
neighborhood or if an entire area is affected. The system is able
to quickly answer outage calls, allowing FKEC to handle
higher call volume and provide better, faster repair service.
For you, the key to the system is the telephone number
associated with your account, so please be sure that we have all
the numbers you may call from including cell phones. The
system is available 24 hours at 305-852-2431.
MAKING ‘CENTS’ of Your ELECTRIC BILL
Breakdown of Each Dollar you Spend on Electric Service
72.7 cents
19.1 cents
Power Cost
Operation &
Maintenance Costs
72.7 cents out of every dollar you spend on
electric service goes directly to “Power Cost,”
which is the cost of purchasing the energy
produced by Florida Power & Light.
3.9 cents
Interest Expense
3.6 cents
Depreciation & Amortization
0.7 cent
Property Taxes
0.75 cent
Cost of New Operations Center
(Included in Above Breakdown)
Storm-Hardened
Operations Center
The new storm-hardened Tavernier
Operations Center cost each of FKEC’s
31,000 accounts roughly three quarters
of a cent out of every electric bill dollar,
or about 1 dollar per month for an
average bill of $133.
Photo by John Stuart
11
John Stuart, P.E.
Chief Operations Officer
The
Dennis Minton
Director of Power
Supply & Delivery
Keith Kropf, P.E.
Manager of
Engineering
Moe Leslie
Manager of Stores
& Inventory
Ty Cash
Marathon Operations
Manager
FKEC’s daily operations are overseen by its experienced staff (pictured above).
These staff members are directly responsible for the performance of the company’s
departments. Each department is in turn lead by a supervisor or foreman
responsible for the daily direction and management of his or her employees.
POWER
of a TEAM
Andy Baxter
Don Bell
Mike Black
Juan Castano
Chip Corley
Jason Heller
Tom Cushman
Darrell Davis
Eddie Dudley
Gene Ehrenkaufer
Tim Fincham
Billy Goodwin
Russell Heath
Steve Horne
William Jenkins
Joe Joyce
John Kornetti
Carlos Lagos
Bill Lee
Robert Lovell
John Moncrief
Blane Parker
Craig Rabito
David Ragland
Mike Roberts
Mike Valles
Rudy Vega
Jerry Betancourt
Mike Bohnstedt
Robert Christensen
Mason Ellis
Orville Garvey
Doug Henslee
Bernie Lietaert
Marcus Martin
Jason Richards
Mark Weeks
Rory White
Alberto Vidal
Bill Anderson
Luis Chavala
Nate Kitchen
Ivan Mixon
Phil Guinta
Barbara Mungovan
Adam Pierce
Howard Sanders
Jim Nichols
Chris Pankow
Jorge Magdalena
Chris Zischka
Pictured here are most
2008 employees,
excluding retirees.
Note that supervisors and
foremen are framed in
dark blue. Work leaders
and crew leaders are
framed in dark green.
Wade Pittillo
Stores &
Inventory
Generation
Facility
Right-of-Way
Line Clearing
Line Department, Service Department,
Utility Electricians & Load Management
In 2008, Florida Keys Electric Cooperative
employed 125 local residents to serve
the Upper and Middle Florida Keys.
12
Tim Zuccaro
Harry Holmbraker
Information System
Manager
Randy Chaney
Director of Human
Resources
Member
Service
Susan Kohlhofer
Executive
Assistant
Maria Jones
Cris Beaty
Chief Financial Officer
Shawn Mulholland
T.J. Patterson
Sandra Acton
Brooke Alana
Ashley Arrabal
Alice Bassano
Lisa Baxter
Janiene Bennett
Sheri Bulkiewicz
Norita Carte
Sharon Claude
Jody Cooke
Sara Hamilton
Kim Jones
Vickie Jorgensen
Jennifer Kurutz
Patsy Lederer
Cheryl Massey
Charlene May
Lucy Miranda
Amber Navarrete
Victoria O’Neill
Chris Owens
Tammy Piekarski
Ray Rhash
George Smith
Renee Theodosiou
Mickey Vlach
Erin Walsh
Phyllis Williams
Sean Bailey
Robert Blank
Mike Cochrane
Gary Crawford
Rod Dobson
Ken Elgersma
Ian Laux
Dave Wojtaszek
Peter Amendola
Robyn Barnett
Don Barton
Mike James
Sue Lovell
Paulette McNamara
Scott Sheffield
Mike Anderson
Tom Anthony
Mike Jenkins
Kevin Setchell
Bruce Telhiard
Brian Tiedemann
George Backhus
Andy Burdick
Lowell Locke
George Mirabella
Joe Sheriff
Willie West
Not pictured:
Andy Samul
Meter
Fleet & Building
Maintenance
Supervisory
Control & Data
Acquisition
Engineering
Substation
Administration, Billing, Consumer Accounting,
General Accounting, Human Resources & Environmental Affairs
Tom Kirby
Job Training &
Safety Manager
Tim Caba
Hermes Garcia
Dan Raber
Tommy Sawyer
Pam Subic
13
51
Willie West
is FKEC’s
longest
standing
employee.
30
Moe Leslie
28
Bill Lee
Mark Weeks
24
Blane Parker
23
Mike Valles
22
John Kornetti
21
Ray Rhash
27
28
24
Dennis Minton
23
Kevin Setchell
22
Craig Rabito
24
Charlene May
23
Darrell Davis
Years
of
Service
26
Mike Cochrane
24
Hermes Garcia
23
Andy Baxter
24
Shawn Mulholland
23
Tom Cushman
Florida Keys Electric Cooperative
is Proud to Draw on the Knowledge
of 26 Employees with More Than
20 Years of Experience
Gene Ehrenkaufer
Dan Raber
21
Ivan Mixon
Kim Jones
21
22
21
Mike Roberts
21
Mike Anderson
21
Tommy Sawyer
20
Barbara Mungovan
Unless otherwise noted, the photos for this Annual Report were taken by Nikki Dunn, Rebecca Callahan Newman, Lucy Miranda, Suzanne Lovell, Paula Maxham, Chris Pankow and John Stuart.
Writing and design by Rebecca Callahan Newman and Nikki Dunn.
14
FKEC • Graphs for 2008 Financial Statements
2008 Balance Sheet
LIABILITIES & EQUITIES
A Historical View
A Historical View
Millions
Millions
ASSETS
2003 TOTAL REVENUE
Revenue Distribution
100% = $65,120,898
Breakdown of Total Revenue Including Electric
Service Sales Plus all Miscellaneous Revenues
(72.4%) Power Cost
2008 TOTAL REVENUE
100% = $92,204,203
(3.4%) Interest
(4.2%) Depreciation
(72.9%) Power Cost
(1.3%) Taxes
(16.4%) Operations
(2.3%) Margins
1998 TOTAL REVENUE
100% = $47,003,234
(63.3%) Power Cost
(3.8%) Interest
(3.5%) Depreciation
(4.9%) Interest
(4.7%) Depreciation
(0.8%) Taxes
(2.1%) Taxes
(17.3%) Operations
(1.7%) Margins
(17.3%) Operations
(7.7%) Margins
15
FKEC • 2008 Financial Statements
The accompanying notes are an integral part of these financial statements.
16
17
18
FKEC • Notes to 2008 Financial Statements
19
20
21
22
23
$33,000 Donated to Take Stock in Children
At the 2005 Annual Meeting, you
(FKEC’s member-consumers) voted to
change the Cooperative’s bylaws in
order to donate unclaimed funds to
local charities instead of having the
funds returned to the state.
This year, these unclaimed funds
are being put to good use in the Florida
Keys by funding scholarships for
students participating in the Take Stock
in Children program.
FKEC recently donated $33,165 to
Take Stock in Children, which will be
“double-matched”: first by leadership
donors in Monroe County and then by
the Florida Prepaid College Foundation.
These two “matches” will create a total
donation of $132,660 to purchase
scholarship contracts for local students
through the Take Stock program.
FKEC’s first donation of unclaimed
funds in 2006 was for $6,175, which was
divided equally between the education
funds of the Key Largo Rotary, the
Upper Keys Rotary and the Marathon
Rotary. The three groups used the
donations to fund scholarships for local
students and other education-related
activities to benefit local youth.
All of these donations are now
possible because of Article I, Section 8,
of the bylaws which assigns unclaimed
membership deposit refunds and other
unclaimed amounts to “qualified
charitable organizations” after a year.
As stated in the bylaws, “fails to claim”
means failure to negotiate a check; the
return of a check mailed to the last
address provided by the member; or the
failure of the member to request a
refund of amounts due the member.
FKEC’s Board of Directors presents
a check for $33,165 to Jim Hall
(holding check on right), the Program
Coordinator for Take Stock in Children.
Check Here to See if FKEC Owes You Money...
Florida Keys Electric Cooperative Association, Inc. hereby notifies the following members or former members that unclaimed membership
deposits and other amounts due members or former members in June 2008 have been undeliverable for a period of at least ten (10)
months after payment has been attempted by check mailed to the last address provided by the member to the Cooperative. Such member
of former member must claim these payments within thirty days of the date of this publication. Failure to make such claim will result in an
irrevocable assignment or gift by such member or former member of membership deposit or other amount to the Cooperative pursuant
to Article I, Section 8 of the bylaws of the Cooperative. For further information, the member or former member listed should contact the
Refund Department, Florida Keys Electric Cooperative Association, Inc., P.O. Box 377, Tavernier, FL 33070.
Corinne Baratta
Po Box 811463
Boca Raton Fl 33481-1463
H M Cummings
Gay G Cummings
c/o Hendon & Slate Pc
PO Box 9
Fremont Mi 49412-0009
Diane J Schaffer
211 David Ln
Marathon Fl 33050-2917
Brandon Thiess
80455 Old Hwy #1
Islamorada Fl 33036
Grace Rowland
10550 W Sr 84 #165
Davie Fl 33324-4211
Julie Owens
12030 Sw 171st Terrace
Miami Fl 33177
Waterfront Resort Realty
94500 Overseas Hwy
Key Largo Fl 33037
Steve Andrews
292 Gardenia St
Tavernier Fl 33070
Felix Gonzalez
311 37th St #2-W
Marathon Fl 33050-2395
Angel Gonzalez
Po Box 371593
Key Largo Fl 33037
Jose A Ordonez
144 2nd Ct
Key Largo Fl 33037
Claudia M Stober
Gisela Moran
12180 Sw 87 Ave
Miami Fl 33176
Carlos R Rosado
152 23rd St #3
Marathon Fl 33050
Hana Besedova
Havlickova 3334
76701 Kromeriz
Czech Republic
FLORIDA KEYS ELECTRIC
COOPERATIVE ASSN., INC.
P.O. BOX 377
TAVERNIER, FL 33070
Registration Card
Member’s Signature:
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Please Print Your Name:
Please remove this registration card, sign and bring to the meeting.
DETACH HERE
DETACH HERE
NOTICE OF THE FLORIDA KEYS ELECTRIC COOPERATIVE ASSOCIATION, INC.
ANNUAL MEETING
TO THE MEMBERS OF THE COOPERATIVE:
The Florida Keys Electric Cooperative Association, Inc. Annual Meeting will be held Saturday,
April 18, 2009 at the Coral Shores High School on Plantation Key. Registration will begin at 11 a.m.
The meeting will consist of reports from the CEO and board directors, reviewing the April 19,
2008 annual meeting minutes and conducting other necessary business. The meeting will
convene at 1 p.m.
By Order of the Board of Directors
Michael H. Puto, Secretary
PLEASE BRING THE ABOVE REGISTRATION CARD WITH YOU TO THE MEETING.
Upon presenting the card at the registration desk, you will receive your raffle prize ticket.
You must be present to win.
ANNUAL MEETING APRIL 18, 2009 - CORAL SHORES HIGH SCHOOL
REGISTRATION GIFTS • VALUABLE PRIZE RAFFLE • LUNCH • ENTERTAINMENT • CHILDREN’S ACTIVITIES
GREAT RESULTS from 2005 BYLAW CHANGES!
$33,000 in Unclaimed Funds Donated to Education
(See Details Inside Back Cover)

April 2009 - Florida Keys Electric Cooperative

Transcription

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