A deposit will be required for all residential customers and will be based on a customer’s credit score. The deposit amount will be based on the customer’s credit rating as follows:
| Residential Deposit | Experian Online Utility Exchange | Rating |
|---|---|---|
| $100 | Green (0 to 10%) | Good |
| $200 | Yellow (10 to 25%) | No History |
| $300 | Red (25.1% and Above) | Poor |
For general power customers, a deposit of 2 times the highest actual or estimated monthly bill will be required. In no event will the deposit required exceed twice the highest actual or estimated monthly bill average for the rate classification. A suitable guarantee, letter of credit, or other security deemed acceptable by Marshall-DeKalb EC may be accepted in lieu of a deposit. Upon written request by the customer or at the discretion of the local power company, the deposit requirement may be re-evaluated based on the most recent electricity usage.
After the deposit is paid in full, interest will accrue on a deposit held longer than 12 months, with the interest being accrued annually and applied annually to the customer’s account at the interest rate Marshall-DeKalb EC earns on its passbook savings accounts. The deposit balance plus any accrued interest will be accounted for and credited to the customer’s unpaid bills upon termination of electric service.