Quick Facts about Clay Electric:
- The co-op has approximately 190,000 meters, 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 about 14,000 miles of distribution and transmission lines.
- The co-op's Average Service Availability Index is an excellent 99.72 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 $12 million refund was declared in January 2023.
- 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 $468 million in 2022. Total Assets: $862 million as of Dec. 31, 2022. Annual Energy Sales were 3.5 billion kWh in 2022. Clay Electric's summer peak demand of approximately 848 megawatts was set on Aug. 13, 2023. Clay Electric's winter peak demand of 970 megawatts was set on January 11, 2010.
- Financial Report for 2022 (PDF) (as reported in May 2023 Kilowatt)
- The co-op employs more than 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, PrePaid 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 is provided by Seminole Electric Cooperative, a generation and transmission co-op owned by Clay Electric and eight other electric co-ops.
Seminole’s primary resources include the Seminole Generating Station (SGS) in northeast Florida, the Richard J. Midulla Generating Station (MGS) in south central Florida, and Seminole’s first “Cooperative Solar” facility, located adjacent to MGS.
SGS consists of two approximately 638-megawatt coal-fired generating units. Located just north of Palatka, SGS uses modern technology for environmental protection, including more than $530 million invested in environmental control equipment. In 2018, Seminole announced the removal of one of their two coal units from service in approximately five years. This unit will be replaced with new natural gas fired generation. Currently named the Seminole Combined Cycle Facility, the new natural gas plant is directly adjacent to the existing Seminole Generating Station site in Putnam County, Florida, and will have a generating capacity of 1,134 megawatts.
MGS, located in Hardee County, is an 870-megawatt facility that uses natural gas as its primary fuel. The station’s 560-megawatt combined-cycle unit began commercial operation in 2002. Seminole added 310-megawatts of peaking capacity in 2006.
Located next to MGS, Cooperative Solar is a 2.2-megawatt solar array comprising more than 8,000 solar photovoltaic (PV) panels. In addition to Cooperative Solar, Seminole has contracted with Florida Renewable Partners, LLC to build new photovoltaic solar facilities across north Florida, which are expected to be commercially operational in 2024.