2020 Capital Credit Allocation

The 2020 capital credit allocation was processed in June 2021.

Choptank Electric Cooperative is a not-for-profit, member-owned utility. Any margins (profits) above the cost of service are allocated back to our members-owners based on how much electricity each member purchased during the year.
The 2020 capital credit allocation was processed in June 2021, after the 2020 financial statements were reviewed and audited. The 2020 capital credit allocation notice for active members was shown on their July 2021 electric bill in the left message area above the bill stub. Inactive members with 2020 electricity billings were mailed a separate allocation notice.
The capital credits (margins) allocated to members’ accounts for 2020 totaled $7,024,777. This is a combination of Choptank Electric, which totaled $5,853,810, and Old Dominion Electric Cooperative (ODEC), Choptank Electric’s energy supplier, which totaled $1,170,967. 
The Choptank Electric Board of Directors reviews the Co-op portion of capital credits each year and decides how and when to pay out the amounts allocated. Their decision is based on a variety of factors including the overall financial condition of the Cooperative. Any decision to pay out the ODEC portion of capital credits would be entirely contingent upon refunds received from Choptank Electric’s energy supplier.   
 If you have questions about your capital credits, please contact our Member Service Center at 1-877-892-0001. Please have your account number available when you call.