A publication of the Virginia, Maryland & Delaware Association of Electric Cooperatives

Choptank Electric Co-Op
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Capital Credit Distribution

Any margins above the cost of service are allocated back to our members

The Choptank Electric Cooperative Board of Directors voted to return $2.5 million to its members during the month of January 2024.

Any active member who has accrued capital credits in 1994 and 2022 will receive a bill credit applied directly to their January bill. For any member who is inactive, you must accrue $100 before a check is sent. Inactive members must have a good address listed at the Co-op to receive their check. The checks are scheduled to be mailed by mid- January.

From the moment you signed up to receive electric service from Choptank Electric, you became a member of Choptank Electric, not a customer. While investor-owned utilities return a portion of any profits back to their shareholders, electric co-ops operate on an at-cost basis. Co-ops return their profits to their members. Choptank Electric allocates and periodically retires capital credits to its members. The amount received is based on how much electricity the member purchased during a year.

That’s the cooperative difference. Where members are first, every day.