(A) Residential customers are customers who will reside within the residence.
(1) Meter deposits may be required for individuals applying for residential electric and/or water service with the utility; determination is made based on a soft credit check. If required, the deposit(s) will be billed on the first month's bill.
(2) Meter deposit fees are as follows:
(a) Electric deposit - based on average of previous 12 months of usage with a $200 maximum.
(b) Water deposit: $100.
(B) Commercial customers are all customers which are not residential customers.
(1) Commercial customers shall make meter deposits based on the average of three previous months' usage of customers operating the same or similar businesses; except for customers as provided in division (B)(2) below. Call the main office for the deposit amounts. Deposits will be billed on the first month's bill.
(2) Properties owned by the following commercial entities or individuals shall pay meter deposits at the residential rate:
(a) Mortgage/realty companies.
(b) Rental property owners.
(C) Meter deposit refunds. Upon termination of utility services, the meter deposit shall be applied to any unpaid utility bills. The balance of the meter deposits remaining, if any, shall be refunded to the customer. To receive a refund, the customer is responsible for providing the utility with a forwarding address and other updated contact information within one year of termination. The person requesting the refund of a meter deposit is required to show proof of entitlement to the refund. If the customer does not request a refund within one year of termination the deposit shall be referred to Indiana Unclaimed.
(D) Use of meter deposit by utility. The utility may apply a meter deposit to a customer's past due balance or any other fees due to the utility.
(Ord. 2018-24, passed 9-11-2018; Ord. 2019-10, passed 7-30-2019; Ord. 2023-03, passed 1-10-2023)