Adverse Action Letters

Table 1

Single-Phase Transformer Size

0 to 50 KVA 75 to 100 KVA

Three-Phase 167 KVA

0 to 150 KVA 225 to 500 KVA 750 to 1000 KVA 1500 KVA Over 1500 KVA (Primary Meter) Deposit Amount

$4,000 $7,000 $12,000

$10,000 $30,000 $58,000 $88,000 $50/KVA of Connected Load

In lieu of a deposit, the applicant can provide a bond equal to the dollar amount listed in Table 1.

Adverse Action Letters:

An adverse action letter will be printed and given to each applicant who is denied service, or charged a deposit. The Federal Trade Commission (FTC) and the Fair Credit Reporting Act (FCRA) mandate that a member who is charged a deposit based upon their credit information be given notification of where the information was obtained and detailed procedures of how they might dispute the information.

Present members may be required to post a deposit or increase the amount of an existing deposit as a condition of continued service if:

1. Payment of undisputed charges is late more than two out of the last twelve billing periods;

2. The member/member has had service terminated for non-payment during the last twelve months;

3. A check is returned for insufficient funds;

4. The Cooperative’s meter or other equipment has been vandalized or tampered with in any way

Each deposit will be reviewed yearly, and will be applied along with accumulated interest, to the current billing if, during the preceding twenty-four months, none of the conditions in the section above were permitted to occur.