Recap of last year's Annual Meeting: Choptank Electric Celebrates 87th Annual Member Meeting

Salisbury, MD - Choptank Electric Cooperative held its 87^th Annual Meeting on April 24 at The Fountains Wedding and Conference Center in Salisbury with over 300 guests in attendance. During the meeting, President and CEO Mike Malandro announced that the Board of Directors voted to retire a record-breaking $3.5 million to members in May.

“We are returning capital credits early this year to help members after an extremely cold winter with increased energy generation prices,” shared Malandro in his meeting remarks. “This is another example of what sets Choptank Electric apart from other utilities as a Cooperative; returning any profits back to our member-owners.”

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. The average capital credit issued will be $79.89 per member and will be applied as a credit on May electric bills.

During the Annual Meeting, members re-elected three uncontested Board members to another three-year term: Amy Brandt of Caroline County, Matt Holloway of Wicomico County and Donna Richardson West of Worcester County. The Cooperative also awarded ten $1,000 in scholarships to students in attendance and shared significant highlights from 2024 about Choptank Electric and its subsidiary, Choptank Fiber.

“Our Cooperative works daily to maintain over 6,400 miles of line while continuing to receive a 99.98% system reliability rating from the ASAI,” added Malandro. “We also celebrate the dedication of Choptank Electric to its rural members by connecting over 5,000 customers to high-speed broadband internet with Choptank Fiber. This is a huge milestone for the Eastern Shore that we’re proud to provide.”

A full recap of the Cooperative in 2024 can be found online at choptankelectric.coop/financial-information.

A copy of the 2025 annual meeting minutes can be found here.