Every year, SMECO conducts its members’ meeting for the purpose of electing directors and voting on bylaw changes. All members have the right to vote.
2018 Annual Meeting:
Read the results of the meeting held on August 29.
Prize drawing winners:
Every weekday from August 1 through August 16, we selected three lucky winners who each received a $50 bill credit. Check the list of winners.
About SMECO’s annual meeting:
An electric cooperative is shaped by the communities it serves.
SMECO has 15 directors, and every year, five directors are elected to three-year terms.
The cooperative holds an annual meeting for SMECO members to elect the men and women who serve on the Board of Directors.
The annual meeting ballot also includes proposed amendments to SMECO’s bylaws. Bylaws govern the way an electric cooperative does business.
SMECO directors are part of the community.
SMECO’s Board of Directors meets every month to oversee the operations of the Cooperative.
Directors are SMECO members, and they come from all walks of life.
Directors attend training sessions provided by the National Rural Electric Cooperative Association (NRECA), which serves about 900 electric cooperatives nationwide. Through NRECA, electric cooperatives across the country have built a strong network of like-minded organizations that put their members first.
As a cooperative, SMECO will always put its members first—the power you can count on.
SMECO was incorporated in 1937 and is one of the 15 largest and strongest electric cooperatives in the United States with more than 165,000 member accounts in Charles County, St. Mary’s County, southern Prince George’s County, and most of Calvert County.
At the end of each year, SMECO’s margins (profits) are allocated to members’ capital credit accounts. SMECO uses its profits to invest in new construction, system improvements, facility upgrades, and more. The Board of Directors regularly evaluates the financial condition of the cooperative and determines when members will receive a refund. Since 1937, SMECO has refunded $89.5 million.