Fees can include a $25 membership fee and a security deposit. Security deposits are based on two months of average usage for the location (residential) or twice the highest usage (commercial). Our minimum security deposit is $250. The deposit may be waived depending on your credit score as provided by “Online Utility Exchange”.
Security deposits accrue interest yearly. Earned interest is applied to your December bill. After paying your bill on time for 12 consecutive months, your security deposit will be credited to your account. Any account that is paid late more than two times in a twelve month period will be charged a security deposit. If said account already has a security deposit on file, it will be increased (if needed) so that total deposit meets Co-op requirements