Security Deposits

ERPUD rules and regulations. 

ELK RIVER PUBLIC UTILITY DISTRICT TULLAHOMA, TENNESSEE 
RULES AND REGULATIONS 
SECURITY DEPOSITS (APPENDIX G)

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RESIDENTIAL SECURITY DEPOSITS
Non-owner residential customers will be required to pay a $200.00 security deposit to be refunded after (36) consecutive months of no late payments and no payments returned for non-sufficient funds during the same time period.
 

COMMERCIAL, INDUSTRIAL SECURITY DEPOSITS 
Commercial and Industrial customers establishing or re-establishing service will be required to pay a security deposit equal to two (2) times the customer's highest estimated monthly volume or two (2) times the highest monthly volume for the previous customer during the last (12) month period at the rate in effect at the time service is established or re-established.

The security deposit is required for each account and shall be refunded after (36) consecutive months of no late payments and no payments returned for non-sufficient funds during the same time period.

The security deposit may be cash, bond or an irrevocable letter of credit as approved by management. A cash deposit made by any method other than cashier check will not be effective until the check clears the bank.
 

CUT OFF FOR NON PAYMENT SECURITY DEPOSITS (CONP) 
Any residential customer whose service has been disconnected due to non payment will be required to pay a security deposit equal to an average the customer's highest two (2) months usage in the previous (12) month period at the rate in effect at the time service is re-established and not less than $200. The security deposit will be refunded after (36) consecutive months of no late payments and no payments returned for non-sufficient funds during the same time period.

Federal, State and Local government entities will not be required to establish a security deposit.



Approved by the Board of Commissioners on October 27, 2014