Ord 1988-068 - Laserfiche WebLink

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SAN MARCOS ELECTRIC UTILITY ELECTRIC TARIFF ISSUED BY: CITY OF SAN MARCOS, TEXAS SHEET NO. EFFECTIVE DATE: 10/1/88 REVISION NO. DEPOSITS RATE SCHEDULE - DEPOSITS APPLICATION Each applicant for service, excluding government agencies, will be required to make a cash deposit with the City to establish or re-establish credit before service will be rendered. However, subject to these rules, an applicant shall not be required to pay a deposit: 1. If the applicant is applying for a similar service at a different place and has been a customer of the San Marcos Electric Utility or its predecessor at one location within the last twelve (12) months and has had service at that location for a minimum of three (3) years and during the last twenty-four (24) consecutive months was not delinquent in payment of any bill. 2. If it is a new applicant for service under the large general service rate (500 kW or greater) and it provides the San Marcos Electric Utility an irrevocable letter of credit from a bank or lending institution approved by the City in the amount equivalent to a deposit calculated according to AMOUNT OF DEPOSIT below. Such letter of credit must be approved by the City Attorney and must contain a provision that any litigation concerning the letter of credit must be filed in Hays County, Texas. AMOUNT OF DEPOSIT The required deposit for residential customers shall be the greater of and general services (1) (2) $ 50.00 or an amount equivalent to one-sixth (1/6) of either the estimated annual billings to that service location or an estimated annual billing to similar dwellings or services. 9/6/88 - 32 -