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i <br /> Elk River <br /> Municipal Utilities <br /> A.6—Customer Deposit Policy <br /> 1.0 Policy <br /> In order to protect all customers from those customers who default on their accounts, new <br /> customer accounts are subject to a security deposit when setting up utility service <br /> accounts with Elk River Municipal Utilities. <br /> Deposit Required: All residential, commercial and industrial customers of ERMU will <br /> be required to submit a deposit in the acceptable form set forth below subject to the <br /> exceptions set forth below. In addition, existing customers who have been disconnected <br /> by ERMU for non-payment of amounts due shall be required to submit a deposit in <br /> addition to all amounts owed before service will be reconnected. Existing customers that <br /> are moving and establishing a new account or adding an additional account are also <br /> subject to the deposit policy. Failure to submit the required deposit at the time of <br /> application for commercial accounts, or when due for residential accounts, shall be cause <br /> for ERMU to immediately terminate service. <br /> Amount of Deposit: <br /> Residential Customers: <br /> The amount required to be deposited for residential services shall be: <br /> $100 for apartments <br /> $100 for water and sewer service <br /> $150 for electric service <br /> $250 for all services <br /> Commercial Customers: <br /> The amount required to be deposited for commercial and industrial services shall <br /> generally be equal to two times ERMU's estimate of the customer's highest monthly <br /> utility bill. For commercial and industrial customers on the non-demand rate, the <br /> minimum deposit will be $250. For customers on the demand electric rate, the minimum <br /> deposit will be $1,000. ERMU may increase or decrease the security deposit based on <br /> assessment of risk. <br /> 1 <br /> 89 <br />