• (731) 885-9212
  • 312 N Division St
  • Mon - Fri: 7:30AM - 4:30PM
Union City

Deposit Policy

Deposit Policy

UCEA requires that all commercial and industrial accounts provide a deposit in an amount equivalent to two months peak consumption.  This amount will be estimated by UCEA in instances where there is no historical information for that location; however, UCEA reserves the right to adjust the deposit required where the actual consumption exceeds this estimate.

Commercial/Industrial deposits will be held by UCEA for the duration of the period in which service is rendered.  Deposits may be in the form of:

  1. Cash
  2. Certificate of Deposit titled jointly with UCEA
  3. Utility Surety Bond

Residential/Commercial customers will earn interest at the UCEA stated rate, and the interest earned will be rolled into the customer’s deposit each January.