Ord 1993-071 - Laserfiche WebLink

Home Browse Search

5111 I .- SAN MARCOS ELECTRIC UTILITY ELECTRIC RATE SCHEDULES DEPOSITS Rate Schedule - Deposits Effective: June 1, 1993 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 is applying for a similar service and has been a customer of the City System at one location within the last twelve (12) months; has had service at that location for a minimum of three (3) years; and, during the last twenty four (24) consecutive months of service did not have more than two (2) occasions in which a bill for such electric serviced was paid after becoming delinquent; or . 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 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. AMOUNT OF DEPOSIT The required deposit for residential customers shall be the greater of: (a) $50.00; or (b) an amount equal to one sixth (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;