140 items found
- Patronage Capital | SEIREMC
Patronage Capital Patronage Capital refunds (or also known as capital credits) are retained margins left over at the end of a year at a not-for-profit electric cooperative. Capital credits represent the most significant source of equity for Southeastern Indiana REMC. Since a cooperative’s “shareholders” are also the people the co-op serves, capital credits reflect each member’s ownership in the cooperative. This differs from dividends investor-owned utilities pay shareholders, who may or may not be customers of the utility. Click on the link, then search a name. Unclaimed Capital Credits The information contained in this website listing is for general information purposes only. The list of names is provided by “Southeastern Indiana REMC”. Although we will strive to keep the names up-to-date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy or reliability with respect to the list of names provided on this website. Forms: Individual Claim Form | Business HOW MUCH PATRONAGE (CAPITAL CREDITS) IS BEING REFUNDED IN 2022? Your Board approved refunding capital credits for the years 1999, and part of 2020. The total amount of patronage to be refunded is $1,514,590.85. We typically only refund around 74% of this amount or about $1,120,797.23 due to not having a valid address for some former members. WHERE DOES THE MONEY COME FROM? Member-owned, not-for-profit electric utilities like Southeastern Indiana REMC set rates to generate enough money to pay operating costs, make payments on any loans, and provide an emergency reserve. At the end of each calendar year, we subtract operating expenses from the total amount of money collected during the year. The balance is called a margin. HOW ARE MARGINS ALLOCATED? Margins are allocated to members as capital credits based on their purchases from the cooperative – how much power the member used. Member purchases may also be called patronage. WHY DOES MY COOPERATIVE REFUND CAPITAL CREDITS? Doing so follows one of our seven cooperative principles – Members’ Economic Participation – through rotation of capital. Capital rotation/refund, when determined feasible by the Board, is also required to meet IRS requirements to maintain our 501 C12 tax status. Capital rotation/refund is also used as a tool to target our optimum equity range, which falls between 40% to 60%. If cash is available and equity is on the high end of the range, a capital credit refund to members is an appropriate consideration of our Board in controlling our system equity. ARE CAPITAL CREDITS REFUNDED EVERY YEAR? Each year, the Southeastern Indiana REMC Board of Directors decides whether to refund capital credits based on the financial health of the cooperative. During some years, the co-op may experience extreme weather patterns which significantly affects kWh sales and margins, high growth in the number of new accounts added, maintaining an optimal equity level, rate inadequacy due to inflated costs since the last rate revision, or severe storms may result in the need to spend additional funds to repair lines and restore electric service. These events might lower cash and member equity, causing the board to defer any capital credit refund. For this reason, Southeastern Indiana REMC’s ability to return margins to members in the form of capital credits reflects your cooperative’s strength and financial stability. DO I LOSE MY CAPITAL CREDITS IN THE YEARS THE CO-OP DECIDES NOT TO MAKE REFUNDS? No. All capital credits from every year members have been served by Southeastern Indiana REMC are maintained until such time as the board refunds them. Prior to this year, Southeastern Indiana REMC refunded all capital credits through 1998 and parts of 2017-2019. HOW MUCH HAS SOUTHEASTERN INDIANA REMC PAID IN TOTAL CAPITAL CREDIT REFUNDS SINCE IT BEGAN IN 1939? Southeastern Indiana REMC has paid $30,418,955.23 in capital credit refunds to current and former members to date. HOW OFTEN DO MEMBERS RECEIVE CAPITAL CREDITS? The Southeastern Indiana REMC Board of Directors decides each year whether to refund capital credits. When the cooperative is strong enough financially and the member equity levels are high enough, the board directs staff to refund some portion of past years’ capital credits. HOW WILL REFUNDS BE ISSUED? Members currently receiving electric service will see the refund as a separate line item on their electric bill in March. Inactive members (with capital credits due) will receive a capital credit check. Due to the expense involved in processing printed checks, the minimum capital credit check that will be written will be $5. WHAT IF I HAVE MOVED? If you move or no longer have electric service with Southeastern Indiana REMC it is important to keep your address current, so future disbursements can be properly mailed. Capital credits are reserved for members even if they move out of the Southeastern Indiana REMC service area. Southeastern Indiana REMC will make a diligent effort to send a check to a valid address by mail. HOW MANY PEOPLE WILL GET REFUNDS? Roughly 21,850 currently active members will receive a bill credit on their primary electric account and another 8,550 active members (i.e. Beneficiaries) will receive a check from Southeastern Indiana REMC. More Information We appreciate the opportunity to serve you and thank you for being a member. If you have additional questions about capital credits, please call (812) 689-4111.
- Forms | SEIREMC
Forms Air-Source Heat Pump Rebate 2022 Rebate Program Rebate for a new constructed heat pump or replacing another electric resistance heat, gas, A/C or heat pump. Rebated equipment must be installed in primary residence. Automatic Payment Checking or Savings Account Each month your bill amount will be deducted from your checking or savings account. You will receive a billing statement prior to withdrawal so you’ll know how much is being withdrawn to pay your monthly bill. No more checks to write or last minute rush to pay your bill on time! Automatic Payment Each month your bill amount will be deducted from your credit or debit card account. You will receive a billing statement prior to withdrawal so you’ll know how much is being withdrawn to pay your bill. No more checks to write or last-minute rush to pay your bill on time! Debit or Credit Card Beat The Peak Notifications Signing up for Beat the Peak notifications will allow members to be notified when experiencing temperature peaks throughout the year. Candidate Statement of Interest Interested in running for the Board of Directors? Make sure to download our Director Election Checklist . You are also required to read our Bylaws , Director's Time Commitment and Director's Job Description . Donations and Sponsorships All requests for donations and sponsorships can be processed through the form or by directly reaching out to B.J. Myers, Director of Communications and Creative Services. Electric Outdoor Equipment Rebate 2022 Rebate Program Save up to $50 on new lawn equipment! With electric equipment, all you have to do is keep your battery packs charged. This incentive will be offered on a first-come first-served basis. Employment Interested in a career in an electric cooperative? Apply for our open positions! Generator Program Agreement Generac Generator Program SEIREMC offers huge member discounts on the total home backup generator, portable generators and optional equipment. Member costs may vary depending on additional materials needed for install. Geothermal Heat Pump Rebate 2022 Rebate Program Rebate for a new constructed geothermal heat pump or replacing another electric resistance heat, gas, heat pump or geothermal. Desuperheater is recommended, but not required. Equipment must be installed in primary residence. Home Energy Audit Request Our Load Control Specialist will walk through your home and identify areas that need attention. Low cost, simple measures like caulking, insulating, etc. can make a huge difference in the comfort level and lowering of the electric usage in your home. HVAC Tune-Up Rebate 2022 Rebate Program Air source heat pumps, geothermal heat pumps and central air conditioning systems Indiana Connection Magazine ePub Electronic Magazine Enroll now to receive the Indiana Connection Magazine electronically. Indiana Connection's content celebrates the rural and suburban Indiana lifestyle, and also includes advice on how to stay safe around electricity and how to trim your energy bills. Membership Application Commercial Complete the application to apply for commercial electric service with Southeastern Indiana REMC. Once your application has been submitted, you MUST contact the REMC to have your service energized. Membership Application Residential Complete the application to apply for residential electric service with Southeastern Indiana REMC. Once your application has been submitted, you MUST contact the REMC to have your service energized. Member Complaint Need to bring awareness to an issue or problem? Fill out our member complaint form and we will do our best to resolve it. Member Information Updates We want to keep you in the loop when it comes to important information regarding your service with Southeastern IN REMC. It's important to us that we have your most up-to-date contact information because when we reach out, we're sharing important information that could impact your day. Mini-Split Heat Pump Rebate 2022 Rebate Program Single room or whole home installations. My Solar Agreement Fixed Option Affordable, sustainable and safe supply of solar electricity is being offered in partnership with our wholesale provider, Hoosier Energy. Monthly payment option. My Solar Agreement Up Front Option Affordable, sustainable and safe supply of solar electricity is being offered in partnership with our wholesale provider, Hoosier Energy. One-time payment of $500. Operation Round Up Application Operation Round Up® provides funding assistance to approved eligible applicants located within the counties of: Dearborn, Franklin, Jefferson, Jennings, Ohio, Ripley, and Switzerland as served by Southeastern Indiana REMC. Grant cycle deadlines are due the last working day of the months of December and June. Board meets in January and July. Operation Round Up Trustee Separate from the Southeastern Indiana REMC board of directors, this non-paid board will evaluate applications made to the program and make recommendations for issuing of grants. The board will have a set of bylaws by which to operate. Patronage Capital Business Retained margins left over at the end of a year at a not-for-profit electric cooperative. Capital credits represent the most significant source of equity for Southeastern Indiana REMC. Since a cooperative’s “shareholders” are also the people the co-op serves, capital credits reflect each member’s ownership in the cooperative. Business form. Patronage Capital Deceased Agent Appointment Retained margins left over at the end of a year at a not-for-profit electric cooperative. Capital credits represent the most significant source of equity for Southeastern Indiana REMC. Since a cooperative’s “shareholders” are also the people the co-op serves, capital credits reflect each member’s ownership in the cooperative. Deceased agent appointment form. Patronage Capital Self Claim Retained margins left over at the end of a year at a not-for-profit electric cooperative. Capital credits represent the most significant source of equity for Southeastern Indiana REMC. Since a cooperative’s “shareholders” are also the people the co-op serves, capital credits reflect each member’s ownership in the cooperative. Self claim form. Presentations and Demonstrations Request Whether you’re interested in a power line safety demonstration or a presentation about one of our many programs and services, we’ve got you covered. SEIREMC offers a variety of presentations for all ages. SEI Fiber Agreement Commercial Dependable, reliable, high-speed internet has become a necessity. Our goal with SEI Fiber is to keep our rural communities economically viable by providing the underserved residences and businesses, especially Southeastern Indiana REMC members, with the internet access they need and deserve. SEI Fiber Agreement Residential Dependable, reliable, high-speed internet has become a necessity. Our goal with SEI Fiber is to keep our rural communities economically viable by providing the underserved residences and businesses, especially Southeastern Indiana REMC members, with the internet access they need and deserve. Scholarship Class of 2022 SEIREMC awards three $500 scholarships to eligible graduating Seniors going into post-secondary education. All eligible applicants will be entered into a drawing, which will take place during the REMC’s virtual annual meeting. Time of Use Rate Member Consent Form Residential consumers receive service under the TOU rate for a minimum of 12 consecutive months. Energy charges vary between off-peak, on-peak and critical-peak times. The rate incentivizes members to adjust routines and shift energy use to off-peak periods. Water Heater Rebate 2022 Rebate Program Rebate for a new constructed water heater or replacing another water heater (gas or electric). Rebate available only for Heat Pump or Hybrid Water Heaters, minimum 40 gallon all-in-one units. There is no incentive for electric resistance tank or tankless water heaters.
- Operation Round Up | SEIREMC
Since 1939, Southeastern Indiana REMC has been committed to improving the quality of life in our service area. Operation Round Up is a voluntary charitable fundraising program for Southeastern Indiana REMC members. If you participate, your bill will be rounded up to the next whole dollar each month. Those extra cents are deposited into a separate fund. A board of trustees reviews grant applications for community projects. Any non-profit 501(C) organization that serves communities within the Southeastern Indiana REMC service area is eligible to apply for grants from Operation Round Up. New members are automatically enrolled in Operation Round Up. If you do not wish to participate, please call us at (812) 689-4111 to opt-out of the program. FAQs Guidelines Evaluation Form SUBMIT YOUR APPLICATION Applications will not be accepted until June 2022 Operation Round Up Application Submit Online Upload Your Application Upload File Additional Files Upload File File Upload (PDF) Upload File File Upload (PDF) Upload File File Upload (PDF) Upload File File Upload (PDF) Additional Files Upload File Image Upload (JPG, PNG) Upload File Image Upload (JPG, PNG) Upload File Image Upload (JPG, PNG) Upload File Image Upload (JPG, PNG) Submit Thanks for submitting! Submit by Mail P.O. Box 196 712 South Buckeye Street Osgood, IN 47037 Past Recipients 2022 March 2022 Recipients 2021 February 2021 Recipients July 2021 Recipients 2020 January 2020 Recipients August 2020 Recipients 2019 February 2019 Recipients July 2019 Recipients Trustees: Kendall Hankins REMC Representative B.J. Myers REMC Representative David Todd Dearborn County Representative Bridget Leach Jefferson County Representative Tina Ellis Jennings County Representative Jason Walcott Ohio County Representative Jennifer Meer Franklin County Representative Stan Wiedeman Ripley County Representative Alexander Kulik Switzerland County Representative Do you have an interest in serving as an Operation Round Up Trustee? Fill out our trustee interest form. Trustee Interest Form
- Restoring Power Safely and Efficiently
We do our best to avoid them, but there’s no way around it: power outages occasionally happen. For most Southeastern Indiana REMC members, outages are rare and only last a few hours. But when major storms, like Winter Storm Landon, impact our area, extended outages are unavoidable. So when the power goes out, how do SEIREMC crews know where to start working? How do you know if your outage has been reported? We’ve got answers to these questions and more, and it all starts with a safe, efficient plan for power restoration. When the lights go out and it’s safe for our crews to begin the restoration process, they start by repairing power lines and equipment that will restore power to the greatest number of people in the shortest time possible. This process typically begins with repairs to the larger main distribution lines that service a great number of homes and businesses. After those repairs are made, crews work on tap lines, which deliver power to transformers, either mounted on utility poles (for above-ground service) or placed on pads (for underground service). Finally, individual service lines that run between the transformer and the home are repaired. We can’t control the weather, but we can prepare for it. SEIREMC keeps a supply of extra utility poles, transformers and other equipment on hand so we can quickly get to work in the event of an outage. When widespread outages occur, multiple crews will be out in the field simultaneously working to repair damage at multiple locations. We also coordinate with nearby co-ops to bring in additional crews when necessary. A proactive approach to maintenance helps minimize the chance of prolonged outages; this is why you see SEIREMC crews periodically trimming trees and clearing vegetation near rights-of-way. We love trees too, but it only takes one overgrown limb to knock out power for an entire neighborhood. Trimming improves power reliability for our entire community. In addition to managing vegetation, we regularly inspect utility poles, power lines and other critical equipment to maintain a more reliable system. If you experience a power outage, don’t assume a neighbor reported it. It’s best to report the outage yourself, and we make it easy to do. The quickest way to report an outage is through SmartHub; you can also call our outage reporting number at (812) 689-4111 or (800) 737-4111. If you have a medical condition that requires electrical equipment, please let us know, and always have a backup plan in place. This plan could include a portable generator, extra medical supplies or moving to an alternate location until power is restored. If you plan to use a generator for backup power, read all safety information and instructions before use. Mother Nature can be unpredictable, but as a member of SEIREMC, you can feel confident knowing we’re standing by, ready to restore power as quickly and safely as possible.
- A Quick Guide to Generators
With proper use and maintenance, generators provide great convenience during a power outage. Before you purchase a generator, determine your backup power needs to select the right size. Make a list of essential appliances and devices you’ll want to power during an outage, then total the required wattage. RECOMMENDED IF YOU... ... rarely lose power. Recreational Inverter Up to 2,000 watts Lightweight, about 60 pounds Quiet, easy to store Power: fridge and a few smaller items (i.e. lamp, phone charger and home security system) Midsized Inverter Up to 3,500 watts Weighs up to 150 pounds Power: fridge, laptop, five to 10 lights, phone charger, home security system and 10K BTU air conditioner ... occasionally lose power. Transfer switch required. Portable Generators and Large Inverters Up to 7,500 watts Weighs about 300 pounds Power: fridge, gas furnace, 10K BTU air conditioner, dishwasher, multiple lights, TV, laptop and more Ability to connect to home’s breaker panel ... frequently lose power. Transfer switch required. Home Standby Up to 20,000 watts Must be permanently installed; starts automatically during outage Power: nearly all home appliances and electronics (simultaneously) Can run indefinitely on natural gas or propane Recommended if you frequently lose power. SAFETY FIRST! Let us know if you purchase a generator that you plan to connect to an electric panel. Improperly installed generators can create back feed, which is dangerous to our crews and the community. Before using the generator, disconnect the normal source of power coming into your home/business. Never operate a generator indoors or in an enclosed space. Disclaimer: Please note safety requirements may differ based on the type of generator you purchase. Thoroughly read the operator’s manual and know how to shut off the generator quickly. Source: Consumer Reports
- Prioritize Safety Year-Round
At Southeastern Indiana REMC, we recognize Electrical Safety Month every May, but we also know the importance of practicing safety year-round. From our co-op crews to you, the consumer-members we serve, we recognize that everyone has a part to play in prioritizing safety. According to the Electrical Safety Foundation International, thousands of people in the U.S. are critically injured or electrocuted as a result of electrical fires and accidents in their own homes. Many of these accidents are preventable. Electricity is a necessity, and it powers our daily lives. But we know first-hand how dangerous electricity can be because we work with it 365 days a year. We want to help keep you and all members of our community safe. That’s why you’ll see SEIREMC hosting safety demonstrations at community events and in schools throughout the year, to demonstrate the dangers of electricity. We discuss emergency scenarios, such as what to do in a car accident involving a utility pole and downed power lines. We caution students on the dangers of pad-mounted transformers and overloading circuits with too many electronic devices. Electricity is an integral part of modern life. Given the prevalence of electrical devices, tools and appliances, we’d like to pass along a few practical electrical safety tips. Frayed wires pose a serious safety hazard. Power cords can become damaged or frayed from age, heavy use or excessive current flow through the wiring. If cords become frayed or cut, replace them, as they could cause a shock when handled. Avoid overloading circuits. Circuits can only cope with a limited amount of electricity. Overload happens when you draw more electricity than a circuit can safely handle––by having too many devices running on one circuit. Label circuit breakers to understand the circuits in your home. Contact a qualified electrician if your home is more than 40 years old and you need to install multiple large appliances that consume large amounts of electricity. Use extension cords properly. Never plug an extension cord into another extension cord. If you “daisy chain” them together, it could lead to overheating, creating a potential fire hazard. Don’t exceed the wattage of the cord. Doing so also creates a risk of overloading the cord and creating a fire hazard. Extension cords should not be used as permanent solutions. If you need additional outlets, contact a licensed electrician to help. We encourage you to talk with your kids about playing it safe and smart around electricity. Help them be aware of overhead power lines near where they play outdoors. Our top priority is providing an uninterrupted energy supply 24/7, 365 days per year. But equally important is keeping our community safe around electricity. Contact SEIREMC for additional electrical safety tips or if you would like us to provide a safety demonstration at your school or upcoming community event.