$3.5 Million Returned to You

A record-breaking capital credit retirement

By Katie Luckett, Director of Marketing, Communications & Education

We are proud to announce the capital credit general retirement this spring is the largest in Choptank Electric Cooperative’s history, totaling $3.5 million issued to our members.
 
The amount received during a capital credit retirement is based on the amount of electricity a member purchased during the retirement years; in this case 1995, 1996 and 2023. Eligible active members will not receive a check — you will be able to view the credit as a line item on your May bill that is either mailed to you or made available through Choptank’s SmartHub portal or mobile app.
 
The average capital credit issued will be $79.89 per member. Newer members who were not served by Choptank Electric in 1995, 1996 or 2023 will also eventually receive capital credit, but it will take a few years.

“Your board of directors and the employees at Choptank Electric take the management and operation of the Cooperative very seriously,” shared Doug Scott, Chairman of the Board. “Members’ Economic Participation is one of the 7 Cooperative Principles we are dedicated to fulfilling. It is our goal to operate efficiently enough to have positive margins to retire to our stockholders.”
 
Capital credits are a return on the investment in YOUR Co-op. Each month you pay your electric bill, you are contributing not only to the purchase and production of power, but improvements to the system that keep your lights on. The immediate payback is in the form of increased reliability and low rates.
 
Visit > www.choptankelectric.coop/capital-credits to learn more about our capital credit retirement process and the benefit of your membership in Choptank Electric Cooperative.