Choptank Electric Cooperative Distributing Profits to Members - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Choptank Electric Cooperative Distributing Profits to Members

Posted: 11/30/2017 08:04:00 -05:00 Updated:

GREENWOOD, Del. (WBOC/AP)- Directors of Choptank Electric Cooperative have voted to return $2.3 million in capital credits to the co-op's member-owners.

The capital credits, which represent profits or margins, are to be distributed in December to customers of the not-for-profit utility.

Officials say the billing credits or checks will be given to customers who were co-op members of record from 1992-93.

The amount of capital credits each member receives is based on how much
electricity the member purchased during the year. Any active member who has accrued capital credits less than $75 will receive the amount credited directly to their December bill. Active members who have accrued more than $75 in capital credits will receive a check in the mail. Any member who is inactive is required to accrue $75 before a check is sent. Inactive members are also rquired to have a good address listed at the co-op to receive a check. 

The checks are scheduled to be mailed by mid-December.

Choptank Electric said it allocates and periodically retires capital credits to its members based on a variety of factors including the overall financial condition of the co-op.

  • Most Popular VideosMost Popular VideosMore>>

  • Invasive Spotted Lanternfly Headed Toward Maryland

    Invasive Spotted Lanternfly Headed Toward Maryland

    Farmers like Jennie Schmidt of Queen Anne's County know all too well how hard it is to grow grapes. And now Mother Nature, in the shape of a quarter-sized, red and black polka-dotted bug, is about to make Schmidt's job even more challenging. The spotted lanternfly, already pestering nearby states like Pennsylvania and Virginia, is on its way to Maryland.

    More

    Farmers like Jennie Schmidt of Queen Anne's County know all too well how hard it is to grow grapes. And now Mother Nature, in the shape of a quarter-sized, red and black polka-dotted bug, is about to make Schmidt's job even more challenging. The spotted lanternfly, already pestering nearby states like Pennsylvania and Virginia, is on its way to Maryland.

    More
  • Cruisin OC Heads back to Ocean City

    Cruisin OC Heads back to Ocean City

    It's official, Cruisin OC will be rolling through Ocean City once again in the Spring. Earlier this week, the council approved dates for the car show.
    Some locals say they're dreading for when those dates arrive. George Balunis, an Ocean City resident, says when the car events come into town, he stays inside.
    More
    It's official, Cruisin OC will be rolling through Ocean City once again in the Spring. Earlier this week, the council approved dates for the car show.
    Some locals say they're dreading for when those dates arrive. George Balunis, an Ocean City resident, says when the car events come into town, he stays inside.
    More
  • Medicare Fraud Lawsuit Names Private Ambulance Company & PRMC

    Medicare Fraud Lawsuit Names Private Ambulance Company & PRMC

    Federal authorities are investigating claims a private ambulance company committed Medicare fraud with the participation of Peninsula Regional Medical Center.

    A lawsuit filed in federal court outlines an alleged scheme to rake in tens of millions of dollars by over-billing Medicare on tens of thousands of non-emergency trips.

    More

    Federal authorities are investigating claims a private ambulance company committed Medicare fraud with the participation of Peninsula Regional Medical Center.

    A lawsuit filed in federal court outlines an alleged scheme to rake in tens of millions of dollars by over-billing Medicare on tens of thousands of non-emergency trips.

    More
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices