Clay Electric Cooperative’s board of trustees declared a record $12 million Capital Credits refund for members who received service from 1988 through 2016. Capital Credits... Continue Reading ›
Quick Facts about Clay Electric:
- The co-op has approximately 170,000 member-owned accounts, and its service area stretches into 14 North Florida counties (Alachua, Baker, Bradford, Clay, Columbia, Flagler, Gilchrist, Lake, Levy, Marion, Putnam, Suwannee, Union and Volusia). The co-op has more than 13,000 miles of distribution and transmission lines.
- The co-op's Average Service Availability Index is an excellent 99.95 percent.
- As a not-for-profit company, the co-op provides service at cost. Its rates are among the most competitive in Florida, and margins (referred to as Capital Credits) are refunded to its member-owners. A record $12 million refund was declared in January 2018.
- For rate information, access Summary of Rate Schedules (PDF) or the complete Rate Schedules (PDF) (as on file with the Florida Public Service Commission). Call the nearest Clay Electric district office for the current month's power cost adjustment.
- Annual Revenues were $359.6 million in 2016. Total Assets: $636 million as of Dec. 31, 2016. Annual Energy Sales were 3.4 billion kWh in 2016. Clay Electric's summer peak demand of approximately 782 megawatts was set on July 8, 2016. Clay Electric's winter peak demand of 970 megawatts was set on January 11, 2010.
- The co-op employs about 400 professionals in a variety of jobs. Their average length of service is about 15 years.
- Residential services include such programs as Payment Stations provided by Fidelity Express, Electronic Funds Transfer, Average Billing and a Seniors Payment Plan.
- Business services include special rate plans and back-up diesel generation. Contact the Business & Economic Development Team for details
- The co-op's power supply provided by Seminole Electric Cooperative, owned by Clay Electric and eight other electric cooperatives. Seminole operates a 1300 megawatt coal-fired plant near Palatka, a 500 megawatt combined cycle generating facility and 310 megawatts of peaking capacity. The coal-fired plant features state of the art environmental controls. The combined cycle generating facility (the Richard J Midulla generating facility) is located in Hardee County and began commercial operation on January 1, 2002. The 310 megawatts of peaking capacity, consisting of five combustion turbine generating units, went into service on December 1, 2006.
- All About Clay Electric brochure
Photo: Richard J Midulla generating facility, Hardee County.