§ 5–638
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 5-638 (2026)
Title 5. Special Types of Corporations
Subtitle 6. Electric Cooperatives
§ 5–638LinkCopy Citation
(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.