Code of Massachusetts Regulations
220 CMR - DEPARTMENT OF PUBLIC UTILITIES
Title 220 CMR 26.00 - Security Deposits and Late Payment Charges Applicable to Non-residential Customers
Section 26.03 - Amount of Security Deposit

Universal Citation: 220 MA Code of Regs 220.26

Current through Register 1531, September 27, 2024

The maximum amount of any security deposit required shall not exceed the equivalent of either:

(a) two months' average usage; or

(b) the usage for any one month, whichever is greater. Such usage shall be calculated on the basis of the immediately preceding 12 months consumption if the same or similar use is being made of the service; or if there is no relevant consumption history to determine the prior usage, then the company and the customer shall utilize their best efforts to determine an average 12 month's consumption upon which to base the maximum security deposit, provided that if the customer and company cannot agree on an amount for the security deposit, then the provisions of 220 CMR 26.06 shall apply.

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