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The board election is on — and your vote is the lever

You own SMECO. So why is it fighting the very things that would lower your bill?

SMECO is a member-owned cooperative, and its board is elected by members like you. Yet management resists rooftop and community solar — calling a customer generating its own power a “subsidy paid by everyone else.” Put the real numbers on one scale and that story falls apart. The board can change this — and the board is on the ballot right now.

Your household

What is SMECO’s opt-out costing you?

Community solar lets you subscribe to a share of a local solar farm — no rooftop, no upfront cost, cancel anytime — and get bill credits worth more than your subscription. Every Maryland utility offers it except SMECO. Here’s what your household is missing.

Two quick questions

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$ / month

Follow the money

The “subsidy” is a rounding error. Your real losses come from SMECO’s own choices.

The one item SMECO calls a “subsidy,” set beside the costs and denied savings its own choices impose on you. Same scale, annual dollars per household.

What a SMECO household actually loses — every year

Hover any bar for the math. The “subsidy” management complains about is the smallest sliver on the chart — and it isn’t even a real cash cost.

$0$100$200$300$400
The “subsidy” SMECO complains about What management’s own choices cost you

What community solar is: you subscribe to a share of a local solar farm — no rooftop, no upfront cost, cancel anytime — and get utility bill credits worth more than your subscription. Maryland reserves 40% of every project for low-income households (a guaranteed ≥10% discount); the rest is open to any member, typically 5–10% off and up to ~20% on the most generous plans. SMECO is the only Maryland utility that opted its members out of all of it.

And the one item SMECO calls a “subsidy”? Net metering — and it isn’t even a real loss. A regulated co-op earns its margin on the poles and wires (~$0.054/kWh), not on the energy itself (a pass-through it profits nothing on). SMECO’s entire year-end net-metering credit outlay was $220,271.70 — about 0.04% of its $542M revenue (MD PSC 2025 Net Metering Report).

Follow the money — per member, 2025

What the co-op earned, what it actually handed back to you, what it paid its executives, and the “subsidy” it says it can’t afford. All per member, one scale.

SMECO’s 2025 margin (profit)~$139/yr
Capital credits actually returned to you (2026 avg.)~$26/yr
What SMECO pays its top-5 executives~$18/yr
The net-metering “subsidy” it complains about~$1/yr
$0$50$100$140

SMECO earned ~$139 per member in 2025 — more than double 2024 — while telling members it can’t afford net metering. The CEO’s pay alone ($1.08M) is nearly five times the co-op’s entire $220K net-metering credit outlay. The “subsidy”? About $1.26 per member per year — and it isn’t even a real cost.

~0.04%
SMECO’s total net-metering credit outlay vs. its $542M revenue — and it isn’t even a cash loss
+$24.4M
SMECO’s 2025 margin — more than double 2024. Not a co-op that’s losing money
~11×
PJM capacity-price jump ($28.92 → $329.17/MW-day, at the federal cap) — the real driver of your rising bill, which solar directly reduces by shaving peak demand
Locked out
SMECO opted out of community solar — so no member can join: ~5–20% off for a typical household, a guaranteed ≥10% for low-income
$1.08M
The CEO’s 2024 pay — nearly the co-op’s entire $220K net-metering credit outlay
~15 yrs
Average SMECO board tenure. Five of 15 directors have served 20+ years — one since 1981. Built for continuity, not new ideas
55.8%
of low-income SMECO accounts are 30+ days past due2.8× the rate for other members. A year of community solar covers about 45% of the typical balance they owe (June 2025 arrears filing)

Here is the tell. SMECO grows revenue by investing capital and winning rate increases to recover it — not by selling energy, which is a pass-through. Rooftop and community solar lower your bill, defer grid spending, and shave the peak that sets PJM’s capacity charge — now at its all-time federal cap. That’s good for the owners and against management’s rate-base incentive. A member-owned cooperative behaving like a rate-base monopoly, against the interests of the people who own it — that is the whole story. And it is your board’s job to stop it.

No urgency. No new ideas. Just look at the 2026 agenda.

Bills are climbing toward an ~11× PJM capacity cap — and here is the entire substantive business the board put before members this year, beside what an energy crisis actually calls for.

What’s on the 2026 agenda

  • Elect five directors
  • Reword the director oath of office
  • Change the bylaw on members’ unclaimed capital credits (§7.04) — shifting their purpose away from “reducing the cost of electricity to members”

Housekeeping — plus one change to how members’ unclaimed money is used.

What should be on it

  • A plan to embrace net metering, not brand it a “subsidy”
  • Opt in to community solar and its guaranteed low-income savings
  • A strategy for the ~11× capacity-cost spike that solar directly blunts
  • Transparency on the real net-metering cost and the votes behind these choices

A response to the crisis members are paying for.

On your ballot: the bylaw change to your unclaimed capital credits (§7.04)

SMECO says this money should stay with members. Good — so let’s make the bylaw say it. Here’s the one thing to ask for before you vote.

We asked SMECO directly about the amendment. Its VP of Government Affairs told us the intent is to keep unclaimed capital credits reinvested in the cooperative — in his words, “Member money staying with SMECO,” not given away — and that the charitable-donation language was something a different co-op had wanted. We take SMECO at its word.

But the amendment as written doesn’t lock that in. It removes the bylaw’s current promise that unclaimed credits go to “reduce the cost of electricity to the members” and adds the option to make board-approved charitable donations instead. The 2025 state law (HB 227 / SB 561) only permits that — it says a co-op “may” use the funds to assist members or donate to board-approved charities. So the bylaw can fully comply, and keep the money with members, without the donation option at all.

And the amounts aren’t trivial. At our request, SMECO shared the figures: unclaimed capital credits totaled $4.01 million from 2015–2024, reaching $1.3 million in a single year (2021). Members can always still claim what’s theirs — but for the credits that go unclaimed, this vote decides whether their purpose stays “lower every member’s bill” or becomes the board’s to direct.

An easy fix that matches what SMECO says it wants: vote against §7.04 as written, and ask the board to bring it back keeping the members-first purpose — assist members and reduce their cost of electricity — without the board-approved charitable-donation option. If SMECO means to keep this money for members, make it the rule, not just the intention.

Who falls behind

The members who most need a lower bill are the ones falling behind

SMECO’s own June 2025 arrearage filing shows past-due bills fall hardest on low-income households — the very members community solar’s guaranteed savings are built to help. Here is who’s behind, by county, and how far a year of community-solar savings goes against what they owe.

of low-income accounts are 30+ days past due
of other residential accounts are 30+ days past due
A low-income member is this many times more likely to be seriously behind
A year of community-solar savings ≈ this share of the typical low-income balance owed

Share of accounts 30+ days past due, by county

Residential accounts carrying a balance aged 30 days or more — the report's financial-stress bands (30–60 days + 60+ days). Everyday under-30-day billing balances are excluded.

Low-income residential Other residential

Across SMECO's service territory, 55.8% of low-income residential accounts are 30+ days past due versus 19.9% of other residential accounts. The gap is widest where hardship is deepest.

What community solar would return, against what a household is behind

Guaranteed community-solar savings of at least $200/year (Maryland's 10% minimum on a conservative $2,000 annual bill) set against the typical (median) amount a low-income household is past due, by county.

Community-solar savings (≥$200/yr, recurring) Median low-income balance past due

County detail

SMECO PC53 Termination & Arrearage Report, June 2025.

CountyAccounts30+ days past due% 30+ Total owedMedian owedSolar saves / yr% of median

Source. Southern Maryland Electric Cooperative (SMECO), PC53 Termination and Arrearage Report, June 2025, filed with the Maryland Public Service Commission — Sheet A (total accounts), Sheet C (accounts in arrears by aging band), Sheet D (dollars & median owed). Figures aggregated from ZIP-level rows; county and territory totals reconcile to the report's own totals.

"30+ days past due" combines the report's 30–60 day and 60+ day bands and excludes the under-30-day band, which is largely ordinary billing float rather than hardship. An account carrying balances in more than one band may be reflected in each, so combined counts are a close upper bound on distinct households. "Southern P.G." reflects only the portion of Prince George's County served by SMECO. Median owed is the report's per-ZIP median amount due, account-weighted to the county — a conservative proxy for the typical past-due balance.

Community-solar savings. Maryland's community solar program (Ch. order / HB 908, 2023) guarantees subscribers a minimum 10% savings; low-and-moderate-income capacity is reserved. We apply the 10% floor to a conservative ~$2,000 annual residential bill = ≥$200/year, recurring. Actual SMECO usage typically runs higher, so this understates the benefit. Community solar does not erase a balance at once; it is annual money that helps a household stay current. SMECO, as a cooperative, was permitted to opt out of offering community solar and did so.

Your county

Find what the opt-out costs where you live

Each briefing is built for that county’s delegation and officials, with local household and income numbers. Open yours to see the case — and download the one-pager to share.

Your ballot decides this

Pledge to vote — and back the candidates who’ll opt SMECO in.

Directors are elected by the membership and set SMECO’s direction. Management answers to them — and they answer to you. Add your pledge, then vote before Aug 12 and ask every candidate where they stand on:

  1. 1Embrace net metering, don’t obstruct it. Stop branding a $220K bill-offset a “subsidy.”
  2. 2Opt in to Maryland community solar — so members, especially low-income households, can access the guaranteed ≥10% savings.
  3. 3Publish the real numbers — the actual net-metering cost, avoided-capacity savings, and the board votes behind these positions.
Vote by
Aug 12, 2026 · 4:30 p.m. EST
How
Online or by mail · directvote.net/SMECO
Seats up
5 seats · Calvert/Anne Arundel, Charles, Prince George’s, St. Mary’s (×2)
Annual meeting
Aug 19, 2026 · 6 p.m., Mechanicsville VFD (no on-site voting)