A commercial deposit is based on three months’ service charge for a like and similar commercial customer. Deposits are subject to review for the purpose of reducing or increasing the amount of the deposit for reasonable cause. These deposits may be made in the form of a surety bond, no less than $10,000, guaranteeing payment in lieu of a cash deposit.
Such a bond must be made by a financial institution or insurance carrier approved by the director of finance. Deposits made by bond shall be made within thirty days after service start-up. If bond has not been furnished to the utility billing department by the end of 30 days, a cash deposit equaling three months, estimated usage will be required to maintain service.