Your District may require an initial cash deposit as a guarantee of payment of bills for electrical service in any amount, but not less than one hundred dollars ($100.00). In the case of customers who previously have established satisfactory credit references, your District may, at its discretion, waive collection of a deposit.
After one year of continuous on-time bill payment or upon termination of service and final payment of accounts in full, the customer's deposit will be refunded. After one year the deposit shall increase to two hundred and fifty dollars ($250) on accounts not continuously paid on time. For the first two years the District holds a customer’s deposit, at the time of refund the lesser of the rate paid by the Washington State Treasurer’s Local Government Investment Pool as of December 31st of each year or five percent simple interest will be paid on deposits held in excess of thirty days. Refunds on closed accounts will be disbursed to the customer while refunds on active accounts will be applied to the customer’s account. Deposits the District must hold longer than two years shall accrue no interest.
Repeated failure to pay on time after a deposit has been refunded will cause your District to reinitiate the deposit requirement.
