(A) Deposit limitations. Deposits requested by the Electric Department shall be subject to the following limitations:
(1) For residential service such deposit will be an amount of $125, due upon application. Failure to comply with timely payment of bills or for recurring disconnection may give the Electric Department grounds for requiring a 100% increase in the required deposit amount.
(2) For nonresidential service such deposits may be an amount twice the average monthly service billing.
(B) Deposit refund. Any deposit required by the Collector and held by the city with respect to electric service, shall be refundable after one year of non-delinquent payment for all electric charges, or upon termination of service to the customer, if all bills have been paid and the city is satisfied that all its meters and other equipment, if any, on the customer's premises have been left accessible and undamaged. If service is terminated, the deposit less any outstanding charges will be refunded to the customer. No interest shall be paid on the deposit.
(C) Transfer of service. If a deposit has been required and there has been one year of non-delinquent payment for all electric charges as required by this chapter, such a customer shall not be required to make the deposit required by this section upon transfer of electric service for such customer from one service location to another service location, so long as there has not been any interruption of service to such customer for a period greater than six months.
(D) Additional service. If a deposit has been required and there has been one year of non-delinquent payment for all electric charges as required by this chapter, such a customer shall not be required to make the deposit required by this section upon application for an additional service location if such customer is receiving electric service from the city at the time of such application.
(Ord. 1059, passed 3-2-1998; Am. Ord. 1145, passed 6-26-2000)