(A) Deposit required. Applicants for new electrical service or reestablishment of service shall be required to make a deposit guaranteeing payment of charges for service as provided herein.
(B) Amount of deposit. The amount of deposit required to establish or reestablish service for homeowners shall be $200. The amount of deposit required to establish or reestablish for renters shall be $400. The town shall not pay interest on deposits.
(C) Refund of deposit. Refund of deposit will be rendered pending no late payments or returned checks for 24 consecutive months.
(D) Refund. The town will refund deposits every quarter, if the criteria for reimbursement is met.
(E) Final disposition of deposit. When a customer has furnished a deposit to guarantee payment of bills, and the deposit has not been refunded and service has been terminated, such deposit will be applied to any unpaid charges or indebtedness to the town and any balance refunded.
(F) Exemptions from deposit requirements. Churches, colleges, public schools and hospitals shall be exempt from furnishing deposits.
(Ord. passed 11-3-2008)