Oct. 7 - Choptank Electric Cooperative - 47 ABC - Delmarva's Choice

Oct. 7 - Choptank Electric Cooperative

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GOOD MORNING DELMARVA - October is co-op month, and as the VP of Member Affairs from Choptank Electric Cooperative, Bob Behlke, says cooperatives are groups of people that benefit from having a mutual interest in, social, cultural, or economic matters.

Co-ops have been formed for such services as banking, housing, health care, finance, telephone service, and electricity.

Today across this country nearly 1000 electric cooperatives serve 42 million people in 47 states.

Choptank delivers electricity to parts of all the nine counties on the shore. They have over 6,200 miles of line serving over 51,000 meters.

The company is celebrating its 75th anniversary this year. They were incorporated in the fall of 1938 and energized our first meters in Caroline County a short time later. They have been providing reliable, affordable and safe electricity ever since.

The co-op  business  model is unique: they don't have stockholders or shareholders, the folks they serve or the members, actually own the company. They operate on a cost of service model, but if they do have a margin or profit it is allocated back to the members. 

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