4.1 ERMUSR 08-10-2021 - Laserfiche WebLink

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ERMU Commission Policy – G.4j3 Customer Deposits ______________________________________________________________________________ ______________________________________________________________________________ Page 3 of 3 deposit when billed shall be cause for ERMU to immediately terminate service. ERMU may, in its discretion, waive the required deposit for residential customers if the customer consents to ERMU’s collection of credit history data on the customer, the customer’s credit score is above 90 percent probability of non-default, and the customer has no history of disconnection for non- payment to ERMU, and no history of late payments to ERMU two times in 12 months. B. Commercial and Industrial Customers All commercial and industrial customers will complete an application for service that identifies the individual or business entity that will be entering into a service agreement and will pay an application fee per the fee schedule. All commercial and industrial customers shall submit the required deposit and enter into a service agreement with ERMU prior to the time service is desired. The service agreement shall be an agreement on the part of the individual or business entity to make payment of all amounts billed by ERMU for electric, water and sewer services, and to be liable for any default or non-payment of amounts billed by ERMU. ERMU may, in its discretion, reduce or increase the required deposit for commercial and industrial customers if a service agreement is executed by the customer, the customer has provided ERMU with sufficient information to allow ERMU to analyze the credit risk of the individual or business entity executing the service agreement, and ERMU, in its sole discretion, determines to reduce or increase the deposit required based on its analysis. POLICY HISTORY: Adopted March 9, 2010 Revised February 14, 2012 Revised June 16, 2015 Revised February 9, 2016 Revised January 9, 2018 Revised August 10, 2021 47