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PSC Home![]() |
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Consumer Information |
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What if my water utility asks for a deposit?
A utility may request a deposit from some customers. The regular deposit is based on the 2 highest consecutive bills within the last 12 months for the address where the service is being used. A winter moratorium non-payer deposit is based on the 4 highest consecutive bills within the last 12 month review period.
Residential deposits are returned with interest after 12 consecutive months of prompt payment. The utility may accept, in lieu of a residential cash deposit, a contract signed by a guarantor satisfactory to the utility. The contract guarantees a specified sum not exceeding the amount of the cash deposit or guarantees payment of all future bills.
Commercial deposits are returned with interest after 24 consecutive months of prompt payment. The utility may accept, in lieu of a commercial cash deposit, a contract signed by a guarantor satisfactory to the utility. The contract guarantees a specified not exceeding the amount of the cash deposit. **You do not have to post a deposit if your income is below 200 percent of the federal poverty level guidelines. |
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