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Maryland Code, Corporations and Associations § 5-638

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

(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.

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Cite this article: FindLaw.com - Maryland Code, Corporations and Associations § 5-638 - last updated January 01, 2025 | https://codes.findlaw.com/md/corporations-and-associations/md-code-corp-and-assns-sect-5-638/

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