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:
- Cash
- Certificate of Deposit titled jointly with UCEA
- 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.