Commercial Service Deposit Policy

Deposit Required

Deposits in general service and general service demand accounts will be the greater of:

• $200.00 or;
• approximately two times the highest monthly bill during the prior 12 months for a similar business at the same location or;
• an amount sufficient to cover approximately two times the highest monthly bill calculated based on estimated connected load and the nature of the general service enterprise.

In all cases the highest monthly bill will be defined to include all applicable customer charges, energy charges, demand charges, power cost calculation charges, equity charge and taxes.

Deposit Review

After 12 months of billing history have accumulated, deposit amounts on general service and general service demand accounts that were collected may be reviewed at the member’s request. If the deposit on the account exceeds approximately two times the highest monthly bill during the prior 12 months, the excess deposit will be refunded by credit to the account if the account has met the following criteria:

12 months of continuous good credit history (no record of the following: delinquent (late charges), on cutoff list, disconnect for non-payment, returned check, payment arrangement not honored, or meter tampering); there are no other active accounts in the name of the member are subject to the additional deposit requirements (see below); there are no outstanding balances due on other inactive accounts in the name of the member.

Additional or New Deposits

At it’s discretion, the Cooperative may review the billing record of an account at any time to determine the adequacy of the sum on deposit and may require that the deposit be increased to approximately two times the highest monthly bill during the prior 12 months.