Ohio Administrative Code
Title 4901:1 - Utilities
Chapter 4901:1-21 - Competitive Retail Electric Service Providers
Section 4901:1-21-07 - Credit and deposits
Universal Citation: OH Admin Code 4901:1-21-07
Current through all regulations passed and filed through March 18, 2024
(A) Each competitive retail electric service (CRES) provider must establish reasonable and nondiscriminatory creditworthiness standards and may require a deposit or other reasonable demonstration of creditworthiness from a customer as a condition of providing service.
(B) In the application of such standards, deposits, or creditworthiness procedures, the CRES provider shall:
(1) Disclose in service contracts with
customers its policies regarding creditworthiness and deposits, including the
amount of any deposit, the allocation of the deposit, and the return of any
deposit balance.
(2) Accept a
reasonable and nondiscriminatory cash deposit as sufficient evidence of the
customer's creditworthiness to initiate service.
(3) Disclose whether interest will be paid on
deposits, and the applicable rate of interest.
(4) Provide the customer a receipt for any
deposit within
ten business days of the date that the deposit is
collected.
(5) Return the deposit
within
seven business days if the customer cancels the
contract during the rescission period.
(6) Apply the deposit to the final bill and
promptly refund any excess to the customer when service is
terminated.
(7) Not require an
applicant to pay the balance due another CRES provider as a condition of
establishing credit or providing competitive retail electric service.
Disclaimer: These regulations may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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