(a) A member-regulated cooperative shall make available to its members:
(1) Rate schedules, tariffs, and terms and conditions of service;
(2) Financial and statistical information regarding:
(i) Operating revenues;
(ii) Revenues per rate class;
(iii) Number of members per rate class; and
(iv) Number of meters per rate class;
(3) Data and information concerning load management, energy conservation, and other similar programs;
(4) Information concerning ongoing consumer education programs; and
(5) Information concerning the member-regulated cooperative’s performance, including income statements, balance sheets, and reliability data.
(b) A member-regulated cooperative may not adopt a new rate or increase or decrease its rates or charges for the services it provides unless the member- regulated cooperative provides to its members:
(1) Notice of the proposed rates;
(2) The opportunity to comment on the proposed rates; and
(3) The opportunity to observe the portion of the meeting in which the board of directors votes on the proposed rates.