City of Bushnell Attempting to Purchase SECO’s Electric Territory
Posted on Oct 9, 2015 in Mergers/Acquisitions, Rates | Comments Off on City of Bushnell Attempting to Purchase SECO’s Electric Territory
Despite resistance from Sumter Electric Cooperative (SECO), the city of Bushnell (City) is attempting to exercise an option at the end of its 30-year lease to buy SECO’s substation, power lines and territory to prepare for future growth. The purchase would allow the City’s electric utility to grow because its electric system is surrounded by SECO’s electric territory and almost everything inside the City’s territory is built out. Currently SECO serves the City’s 527 residential and commercial customers with lower rates than those charged by the City.
