- The Cooperative will require, from all new applicants an advanced payment of $100 or may require an amount equal to the accounts highest 2 months billing in a 12 month period. An advanced payment will not be required from residential consumers if a good letter of credit is received from their previous utility.
- Consumers may also have their advance payment waived if a member with good credit signs an “Electric Service Payment Guarantee Agreement" for them. No Cooperative employee with fiduciary responsibility and/or account access concerning the Cooperative’s billings shall be accepted as a guarantor for this purpose.
- Also, when the credit of a consumer with the Cooperative has become impaired, an advance payment or other guarantee, satisfactory to the Cooperative may be required as security for the payment of final bills and compliance with the Cooperative's rules and regulations, before the Cooperative will render or continue service.
- After establishing a credit history with 12 consecutive months of prompt payments, the advance payment may be credited back to the consumer's account.
In any case, the Cooperative will refund any advance payment not so refunded on discontinuance of service and payment in full of all service charges and guarantees, or will deduct from the advance payment any such amounts as are unpaid and refund the difference, if any. It is the responsibility of a consumer leaving the system to keep the Cooperative informed as to the consumer’s new address. Any advance payment subject to refund will be tendered to the consumer at the address on file. Should the consumer not provide a current
address, the consumer agrees that such circumstance shall constitute a transfer by the consumer to the Cooperative of any interest or right the consumer had in the advance payment.