Patuxent Habitat for Humanity would like to express our gratitude to SMECO for their annual contribution of $2500.00 to our organization. SMECO has been a partner with Patuxent Habitat since 2007 and has been a part of each home we built in both Calvert & St. Mary’s counties. SMECO was instrumental in helping us with incorporating all the LED lighting in our new location. We are very grateful for SMECO’s recurring support. Through financial support, volunteering or add-ing a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves.
SMECO provides electricity to more than 160,000 services in southern Prince George’s County, and in Charles County, St. Mary’s County, and all but the northeast portion of Calvert County. Co-ops are distinctly different from investor-owned utilities because co-ops are owned by their customers, and these members elect the men and women who serve on the Board of Directors.
Co-ops also issue capital credits to their members. What are capital credits? They are the member’s share of the co-op’s margins, based on how much electricity the member purchased and the rate at which the account was billed. SMECO’s mar-gins—revenue less expenses—are used as working capital for new construction and system improvements. When SMECO’s Board of Directors determines that a percentage of the capital credits can be distributed to members through a general re-fund, capital credits will be issued by check or credited to members’ electric bills.
Patuxent Habitat for Humanity (PHH) is an affiliate of Habitat for Humanity International (HFHI) and works to create decent affordable housing in partnership with those in need in the St. Mary’s and Calvert counties. For more information about do-nating, volunteering at our ReStore or next home/ veteran repair please visit our website www.patuxenthabitat.org. or contact Laurie Walker firstname.lastname@example.org or call 301-863-6227.
About Habitat for Humanity International
Habitat for Humanity International is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since its founding in 1976, Habitat has built more than 300,000 houses worldwide, providing simple, decent and affordable shelter for more than 1.5 million people. For more information, visit www.habitat.org.