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Statutes Text

Article - Corporations and Associations




§5–638.

    (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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