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SAN MARCOS ELECTRIC UTILITY ELECTRIC RATE SCHEDULES DEPOSITS Rate Schedule - Deposits fective: February 1, 2003 Page 1 APPLICABILITY Each applicant for electric service by the City from the San Marcos Electric Utility System (the "City System"), excluding government agencies, will be required to make a cash deposit with the City to establish or re-establish credit before electric service will be rendered. However, an applicant will not be required to make a cash deposit if: a. the applicant meets all of the following: 1. Has been a City electric service customer within the last 24 months, had that service for a minimum of one year, and is now applying for a similar service; 2. Did not have any occasion during the last 12 consecutive months of service in which a bill for service was paid after becoming delinquent; 3. Did not have service disconnected for nonpayment; and 4. Did not have a check or bank draft returned because of insufficient funds, account closed, or no account. b. the applicant is applying for service pursuant to Rate Schedules LGS-Sec or LGS-Pri (large general service with monthly billing demands in excess of 500 kilowatts) and provides the City an irrevocable letter of credit from a bank or lending institution approved by the City in the amount equivalent to a deposit calculated pursuant to the AMOUNT OF DEPOSIT provision of this rate schedule. 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. \IIOUNT OF DEPOSIT The required deposit for residential customers shall be the greater of (a) $50.00; or (b) an amount equal to 1/6 of either the estimated annual billings to that service location or an estimated annual billing to other similar residential accounts of the City. The required deposit for customers other than residential customers shall be set by the City based on any or all of the following: (a) the square footage of the customer's premises; (b) previous levels of consumption and billings at the customer's location; (c) the type of business to be operated by the customer; (d) the type of service required to by provided from the City System; and (e) comparison of the estimated service to be provided to customer with similar service provided to existing customers. The City may require a deposit sufficient to reasonably protect against the assumed risk of temporary, weekend, or nersonal service, provided such policy of the City is applied in a uniform and non-discriminatory manner. Deposits shall be turned to customer pursuant to the guidelines set forth in the REFUND OF DEPOSIT provision of this rate schedule. C:\TEMP\Electric Utility rate schedules- 11-02.doc