Water and Sewer Deposit Requirements

(Effective March 14, 2023)

Residential Electric Deposits
Homeowner
with excellent “Green” credit rating or excellent CUB credit history$25.00
with good “Yellow” credit rating$150.00
with other “Red” credit rating$300.00
Renter
with excellent “Green” credit rating or excellent CUB credit history$50.00
with good “Yellow” credit rating$150.00
with other “Red” credit rating$300.00
FlexPay
Customer pays one monthly $6 prepay fee per account$0.00
(Includes Electric, Water, Sewer, OL’s)
Outside Lighting Only Account$25 per light
Commercial / Industrial – Electric, Water & Sewer
Commercial / Industrial – Electric, Water & Sewer2 times highest month
Residential Water & Sewer Deposits
Homeowner & Renter
with excellent “Green” credit rating or excellent CUB credit history$25.00
with good “Yellow” credit rating$50.00
with other “Red” credit rating$75.00

Other Deposit Information:
Simple interest shall be paid on cash deposits retained more than (6) months at an interest rate that is reviewed annually by CUB and adjusted to reflect the average passbook savings rate paid by local banks.

Acceptable Commercial/Industrial forms of security include: Cash Deposit, Cash Escrow Bond, Bond of Indemnity, Letter of Credit, TVA Enhanced Security Deposit Program, TVPPA Credit Insurance Program.

Customers paying the higher deposits may request a partial refund after one (1) year with excellent CUB credit (no late payments for twelve (12) consecutive months).

Customers may be required to upgrade their deposits to the maximum deposit if they are disconnected for non-payment.

CUB uses Online Utility Exchange to determine customer’s credit rating.