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§ 5-638. Information available to members

West's Annotated Code of MarylandCorporations and AssociationsEffective: May 8, 2020

West's Annotated Code of Maryland
Corporations and Associations
Title 5. Special Types of Corporations (Refs & Annos)
Subtitle 6. Electric Cooperatives
Part VI. Member-Regulated Cooperatives (Refs & Annos)
Effective: May 8, 2020
MD Code, Corporations and Associations, § 5-638
§ 5-638. Information available to members
Currentness
In general
(a) A member-regulated cooperative shall make available to its members:
(1) Rate schedules, tariffs, and terms and conditions of service;
(2) Financial and statistical information regarding:
(i) Operating revenues;
(ii) Revenues per rate class;
(iii) Number of members per rate class; and
(iv) Number of meters per rate class;
(3) Data and information concerning load management, energy conservation, and other similar programs;
(4) Information concerning ongoing consumer education programs; and
(5) Information concerning the member-regulated cooperative's performance, including income statements, balance sheets, and reliability data.
Rate increases or decreases
(b) A member-regulated cooperative may not adopt a new rate or increase or decrease its rates or charges for the services it provides unless the member-regulated cooperative provides to its members:
(1) Notice of the proposed rates;
(2) The opportunity to comment on the proposed rates; and
(3) The opportunity to observe the portion of the meeting in which the board of directors votes on the proposed rates.

Credits

Added by Acts 2020, c. 606, § 2, eff. May 8, 2020.
MD Code, Corporations and Associations, § 5-638, MD CORP & ASSNS § 5-638
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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