SMECO

What SMECO does

SMECO (Southern Maryland Electric Cooperative) is a member-owned electric cooperative headquartered in Hughesville, Maryland, founded in 1937. The cooperative distributes electricity to approximately 181,000 residential, commercial, and industrial members across the Southern Maryland service territory. SMECO operates a regulated electric utility distribution model with pricing set through state regulatory oversight rather than competitive markets, and its revenue is derived from member electricity subscriptions.

To serve its member load, SMECO secures wholesale power supply through long-term bilateral agreements. Its most significant recent transaction is a 10-year power supply agreement with Alpha Generation (AlphaGen), announced in April 2026, providing 500 MW of capacity and 400 MW of energy from the Keys Energy Center in Brandywine, Maryland. The transaction was brokered by ACES Power Marketing LLC. This deal provides price stability and reliable supply to members while locking in contracted cash flows for AlphaGen.

SMECO is led by President and CEO Sonja Cox, with Kenneth Capps as SVP of Engineering and Operations and COO, and Joseph Trentacosta as SVP and CIO. The cooperative employs between 251 and 500 people, operates as a private entity (no public ticker), and has no disclosed parent company, institutional investors, or subsidiaries. No proprietary technology products, app platforms, or AI-driven capabilities are disclosed in available sources.

Name

SMECO

Legal name

Southern Maryland Electric Cooperative

Website

https://smeco.coop

Company type

Private

Founded year

1937

Operating status

Operating

Headcount range

251–500 employees

Short description

SMECO is a member-owned electric cooperative founded in 1937 that distributes electricity to approximately 181,000 residential, commercial, and industrial members across Southern Maryland under regulated pricing.

Ownership category

akta.pro rank

Product category

Electric Utility Distribution

NAICS

Electric Power Distribution (221122), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911)

akta.pro primary industry

Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)

Keywords

• Electric utility distribution
• Cooperative power supply
• Electricity distribution services
• Regulated electric service
• Member-owned energy cooperative

Headquarters

HQ city

Hughesville

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Operations, Personnel

Revenue model

1. Electric Utility Distribution Services: As an electric cooperative, SMECO generates revenue through providing electricity distribution services to its 181,000 members in Southern Maryland. The 10-year agreement with Alpha Generation secures capacity (500 MW) and energy (400 MW) supply to serve these members with price stability.

Go-to-market motion1 record

Distribution channels1 record

Core offering

SMECO (Southern Maryland Electric Cooperative) is a member-owned electric cooperative that distributes electricity to approximately 181,000 residential, commercial, and industrial members across Southern Maryland. It secures wholesale power through long-term bilateral agreements—including a 10-year deal with Alpha Generation providing 500 MW of capacity and 400 MW of energy from the Keys Energy Center in Brandywine, Maryland—to deliver price stability and reliable supply to its member-owners. Revenue is generated through regulated electricity distribution service fees on a recurring subscription-like billing basis.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Distribution Services Regulated electric distribution service delivering electricity to approximately 181,000 residential, commercial, and industrial member-owners across Southern Maryland through SMECO's owned distribution infrastructure, supported by long-term wholesale power supply agreements such as the 10-year Alpha Generation contract for 500 MW capacity and 400 MW of energy.
• Wholesale Power Supply (via Alpha Generation long-term agreement) Long-term wholesale electricity supply secured under a 10-year bilateral agreement with Alpha Generation, providing 500 MW of capacity and 400 MW of energy from the Keys Energy Center in Brandywine, Maryland, to underpin SMECO's distribution service to its 181,000 members.

Quantifiable outcome

• 500 MW of capacity secured for 10 years
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• Alpha Generation (AlphaGen)coreStrategic or Co-development Partner · 28 April 2026Alpha Generation (AlphaGen) entered a 10-year electricity supply agreement with SMECO, providing 500 MW of capacity and 400 MW of energy from the Keys Energy Center in Brandywine, Maryland. This deal delivers price stability and reliable power supply to SMECO's 181,000 members while securing stable contracted revenues for AlphaGen.
• ACES Power Marketing LLCminorGTM or Marketing PartnerACES Power Marketing LLC represented SMECO in the transaction for the 10-year power supply agreement with Alpha Generation, facilitating the procurement of 500 MW capacity and 400 MW energy from Keys Energy Center.

Scale indicators3 records

Recent moves2 records

Expansion highlights2 records

Direct peers

• A&N Electric Cooperative: Electric distribution cooperative serving Virginia's Northern Neck and Eastern Shore. Comparable to SMECO in cooperative structure, member-owned governance, and small-to-mid-scale rural distribution operations.
• Choptank Electric Cooperative: Member-owned electric distribution cooperative serving Maryland's Eastern Shore and adjacent areas. Highly comparable to SMECO in cooperative structure, regulated distribution model, and Maryland service territory.
• Delaware Electric Cooperative: Member-owned electric distribution cooperative serving Delaware and parts of Maryland's Eastern Shore. Directly comparable to SMECO in cooperative ownership, distribution-only model, and mid-Atlantic geography.
• Rappahannock Electric Cooperative: Member-owned electric distribution cooperative serving parts of Virginia. Directly comparable to SMECO in cooperative ownership model and mid-Atlantic distribution utility operations.
• Shenandoah Valley Electric Cooperative: Electric distribution cooperative serving Virginia's Shenandoah Valley. Comparable to SMECO in member-owned cooperative structure, distribution-only model, and similar customer base scale.
• Prince George Electric Cooperative: Member-owned electric distribution cooperative in Virginia. Comparable to SMECO as a neighboring regional electric cooperative with a similar member-owned distribution model.
• Pedernales Electric Cooperative: One of the largest electric distribution cooperatives in the US, serving central Texas. Comparable to SMECO in cooperative structure, distribution-only model, and member-owned governance at larger scale.
• Cobb EMC: Member-owned electric distribution cooperative serving metro Atlanta, Georgia. Comparable to SMECO in cooperative ownership, regulated distribution model, and large member base.

Broad incumbents

• Dominion Energy Maryland: Investor-owned utility operating in Southern Maryland, overlapping with SMECO's service territory. Comparable as a large-scale electric provider in the same geography, though investor-owned rather than cooperative.
• Baltimore Gas and Electric (BGE): Major investor-owned electric and gas utility serving central Maryland. Comparable as a regulated electric distribution utility in the same state, though significantly larger and investor-owned.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/somdelectric
• Facebookfacebook.com/SMECO.coop
• LinkedInlinkedin.com/company/smeco

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SMECO