§ 5-638
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/md/corporations-and-associations/5-638·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§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.