Security Deposit

A security deposit, if required:

  • May be paid in full at the time of application
  • May be paid in 3 monthly installments, with the first installment due prior to any service connection or transfer
  • Will be an amount not to exceed an estimated 2 months usage

The Cooperative pays interest as determined by the State Corporation Commission annually on each security deposit retained longer than 90 days. The security deposit is refunded and credited to accounts at the end of 12 consecutive months during which the account has not been delinquent or disconnected for non-payment. All remaining deposits plus earned interest will be returned to the customer at the termination of electric distribution service after all indebtedness to the Cooperative has been paid.