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A Wisconsin Energy Company
Serving Since 1892

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Security Deposits and Guarantee Requirements

Edison Sault Electric Company will require a deposit as a condition of providing service to a new customer due to any of the following provisions:

The applicant has a delinquent bill with any electric or gas provider that accrued within the last 6 years, and that, at the time of the request for service, remains unpaid and is not in dispute.
The applicant misrepresents his or her identity or credit standing.
The applicant fails to provide complete positive identification information upon request at the time of applying for new service, to the extent a request for such information in not barred by R 460.2144(3).
The applicant, in an unauthorized manner, used, diverted, or interfered with the service of the utility situated or delivered on or about the applicant's premises within the last 6 years, if the finding of unauthorized use, diversion, or interference is made after notice and an opportunity for a hearing under these rules.
The applicant requests service for a location at which he or she does not reside.
The applicant was a household member during a period in which all or part of a delinquent service account was accrued by another household member who currently resides with the applicant, if, at the time of the request for service, the account remains unpaid and is not in dispute.
The applicant is unable to provide prior utility service history information with any regulated or unregulated utility in Michigan or elsewhere during the last 6 years and has an unfavorable commercial credit rating caused by 3 or more delinquent payments of more than 60 days in the last 2 years.
A receiver has been appointed in a court proceeding within the last 6 years.
As allowed by federal bankruptcy law, the applicant has sought relief under federal bankruptcy laws within the last 6 years.
A utility shall not require a deposit as a condition of providing service to a new customer if any of the following provisions apply:
The family independence agency is responsible for making monthly payments to a utility on behalf of the applicant.
The applicant secures a guarantor who is a customer in good standing with the utility.
None of the conditions described in subrule (1) of this rule applies to the applicant.
The applicant is over 65 years of age and has no negative credit history with any gas or electric provider.

Security deposits earn interest at a rate authorized and approved by the Michigan Public Service Commission (MPSC). Interest earned is credited to the customer's account semiannually. Edison Sault will refund deposits and interest upon satisfactory payment by the customer of all proper charges for utility service for a period of 12 consecutive.  Deposits collected due to unauthorized usage or tampering will be retained by the Company for 24 months. Should a customer move or no longer use Edison Sault Electric Company's service, the Company will apply the deposit and interest to the customer's final bill and will refund any amount remaining by check.

Any customer posting a security deposit will receive a receipt showing his/her name; the place, date, and amount of payment; the name and signature of the Company employee receiving the payment; and a statement of the terms and conditions concerning the receipt, retention, and return of deposit funds.

 

 

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Last modified: September 13, 2007
Water is Power

Serving Since 1892