15-50 Deposit Requirements

   A.   Except as provided below, all electric service accounts established under the commercial rate structure shall be required to maintain a deposit in an amount to be determined by the Utilities Department as set forth in this section.

   B.   Deposits for any account created on or after September 1, 1983, and deposits for all accounts for which service has been reinstated after being disconnected for nonpayment shall be maintained in an amount of not less than Two Hundred Dollars ($200), nor more than Two Thousand Dollars ($2,000), as determined by the Utilities Department. The amount of the deposit required shall be equal to two times the highest billed period of the last 12 billing periods, not to exceed Two Thousand Dollars ($2,000). For new construction or properties that have been unoccupied for the last 12 billing periods, a similar property from an identically zoned business shall be used in establishing the required deposit amount.

   C.   The deposit required herein shall be refunded to the customer as follows:

      (1)   When the electric service has been disconnected, whether at the request of the customer or for nonpayment of the customer's electric bill, or a new account has been created for said service with a different customer, and a final reading has been taken, any deposit on hand and minus the amount of any unpaid billing statement and other charges, shall be refunded to the customer; or

      (2)   After at least one year of continuous service to the customer, if the monthly payments for the account have been made promptly, with no more than one delinquent payment during the twelve (12) month period immediately preceding, the Utilities Department shall credit any deposit on hand. For the purposes of this subsection, a payment shall be deemed delinquent if made more than fifteen (15) days after the date set forth on the monthly billing statement.

(Amended by Ordinance No. 9275, effective 09-29-2010)
(Amended by Ordinance No. 9523, effective 03-17-2015)
(Amended by Ordinance No. 9578, effective 03-29-2016)
(Amended by Ordinance No. 9930, effective 06/28/2023)

HISTORY

Amended by Ord. 9930 on 6/28/2023