Electric: Maximum Customer Deposit |
Customers of an Investor-Owned Electric Company (Georgia Power Company) |
Commission Rule 515-3-1-.10(e) limits cash deposits
for establishing or reestablishing credit to no more than two-and-one-half twelfths of the
estimated charge for the service for the next twelve months, which is about 21% of the
annual cost of electric service. For seasonal service, deposits cannot exceed one-half
of the estimated charge for the service for the season involved.
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As an example: |
The deposit is calculated based upon what the company
expects your usage for the upcoming 12-month to be taking into consideration variables such
as your past usage, weather for the period, cooling and heating degree days, and other
variables which may be available to the company.
If you don't expect any significant change in your usage patterns, then you can get a general
idea (understand that the calculation will not be exact) of what your maximum deposit would be
by adding up your most recent 12 bills and multiplying the sum by 21%. As an example, if the
sum of the bills you added up equaled to $1300.00, your maximum deposit would be $273.00
($1300 X .21 = $273). Or, if you only have an active account for a partial year and your
estimated total usage for that time is $650, then your deposit would be $325 ($650 X .50 = $325).
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Note: You may read the entire context of these rules by clicking
on
Georgia PSC Rules
.
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