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Utility deposit amounts vary widely For example, Duke Energy, which covers several states across the Southeast, says that the electricity deposit cost may range from $100 to $250 depending on the user's projected monthly bill.
Customer may pay ½ of deposit prior to service initiation and the balance on the first bill. First time customers may be charged $220, which is twice the state average of $110 (rounded down to the nearest $5). For more information regarding deposit policies please contact us at 1-800-ENTERGY (1-800-368-3749).
What does a Mississippi (MS) Utility Deposit Bond — Mississippi Power Company Utility Deposit Bond cost? Rates vary depending upon the applicant's personal credit history and the utility company's requirements. Qualifying accounts can expect to pay between 2%-5% of the bond amount annually.
Energy Texas, Inc. Residential Security Deposits Each month's bill reflects usage during the previous month. For this reason, new customers may be required to make a refundable security deposit, which helps protect Energy and its customers from those who use electricity and then leave without paying for it.
Electricity deposits are almost always required for first-time renters or first-time homeowners without a previous record of utility payments. The deposit amount varies drastically for each company and also depends on where you live.
A: Under state regulations, electric, gas and water companies can require you to pay a security deposit if you've received three or more delinquency notices, have had your service disconnected for not paying or if a prior customer who owes a bill lives at that address.
WATER, ELECTRIC, PHONE: The deposit can't be more than 2 months' worth of estimated bills. If a deposit is more than $70, you must be allowed to pay it in 8 weekly installments. Service should start after you pay the first installment. (However, phone customers must pay the entire deposit before installation.)
Tampa Electric requires a security deposit for each unit before activating service. Also, there is a $28 service charge for new service.
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