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Customer Deposit Interest Rates

 

PUC Approved Interest Rate on Customer Deposits
Many public utilities offering telephone, energy and water services to residential and commercial customers in the State of Colorado have provisions in their tariffs that allow the utility to require customers to maintain a deposit with the utility to ensure payment of services. If the utility requires such deposits, it is required to pay simple interest on those customer deposits as prescribed by Commission rules.
 
See Telecommunications rule: 723-2-2302, Electric rule 723-3-3403 . Gas rule 723-4-4403 and Water rule 723-5-5403.
 
Year 2013 Interest Rate on Customer Deposits
For calendar year 2013, the rate will remain 0.34%.
(The basis point differential is less than 25 points)
 
  • See notice regarding 2013 customer deposit interest rate - PDF pdf file
 
Jurisdictional utilities are reminded that it might be necessary to file a compliance advice letter and amend their tariffs. Filings to implement this tariff change are expected to be filed on or before December 30, 2012 with an effective date of January 1, 2013.
                                          
Failure to file any required compliance on or before December 30, 2012 will be viewed as an intentional violation of Commission fining rules 2895, 3976, 4976 or 5420 and the company could be subject to up to a $500.00 fine.
 
For additional information and to facilitate any tariff changes, the Commission issued the corresponding Decisions
 
Please submit your advice letter as a NEW Advice Letter filing.
 
DO NOT file your advice letter in the docket associated with the following listed decisions; but reference to the respective Decision is required on the tariff pages accompanying your advice letter.
 
please reference
decision and docket numbers =>
click to link => to decision 
=> to dockets

Electric Utilities

Decision C12-1306 word document
    

Gas Utilities Decision C12-1305 word document Docket No. 12M-1163G

Water Utilities

Decision C12-1305 word document

Docket No. 12M-1166W

Telecommunications Providers

Decision C12-1304 word document

  • Please reference the respective Commission Decision Number on the tariffs accompanying your advice letter. The advice letter filing is a compliance filing.
Staff contact
If you have any questions regarding the applicability of the interest rate on deposits, the manner in which the rate is calculated, or any other issues relating to this letter, please contact Sandi Kahl at 303-894-2873 or Sandi.Kahl@state.co.us
 
 

 

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1560 Broadway, Suite 250, Denver, CO 80202
(303) 894-2000 - Phone (800) 888-0170 - Permits and Insurance (800) 456-0858 - Consumer Assistance (303) 894-2065 - Fax