Every year, SMECO conducts its members’ meeting for the purpose of electing directors and voting on bylaw changes. Below are details that are included in the annual meeting notice that was mailed to members on July 22, 2019. Thank you for participating in SMECO’s 81st Annual Meeting.
Read the biographies of the 2019 candidates and the proposed bylaw amendment.
The annual meeting is a business meeting. Ballots cast by mail or submitted online will be included to make a quorum of 500. Only 50 members are required to attend the meeting in person to make a quorum.
- Location: Middleton Hall, 4045 Renner Road, Waldorf, MD 20602
- Date: August 29, 2019
- Time: 6 p.m.
Balloting is now closed. We will announce the results of the election at the annual meeting on August 29.
Three prize winners were selected at random every weekday August 5–16. If you are one of the lucky winners, SMECO will credit $50 to your electric bill. Check the list of winners.
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 electric cooperatives in the United States with more than 165,000 member accounts in Calvert, Charles, St. Mary’s, and southern Prince George’s counties.
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 $93.6 million.