The interest rate applied to customer deposits would be changed to a minimum interest rate of 2 percent per annum for residential customers and 3 percent per annum for non-residential customers when the utility elects not to refund such a deposit ...  


  • RULE NO.: RULE TITLE:
    25-6.097: Customer Deposits
    PURPOSE AND EFFECT: The interest rate applied to customer deposits would be changed to a minimum interest rate of 2 percent per annum for residential customers and 3 percent per annum for non-residential customers when the utility elects not to refund such a deposit after 23 months.
    SUBJECT AREA TO BE ADDRESSED: Electric Utility Customer Deposits.
    RULEMAKING AUTHORITY: 350.127(2), 366.05(1) FS.
    LAW IMPLEMENTED: 366.03, 366.041(1), 366.05(1), 366.06(1) FS.
    IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE WEEKLY.
    THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Cindy Miller, Florida Public Service Commission, Office of the General Counsel, 2540 Shumard Oak Blvd., Tallahassee, FL 32399-0850, (850)413-6082, cmiller@psc.state.fl.us

    THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.

Document Information

Subject:
Electric Utility Customer Deposits.
Purpose:
The interest rate applied to customer deposits would be changed to a minimum interest rate of 2 percent per annum for residential customers and 3 percent per annum for non-residential customers when the utility elects not to refund such a deposit after 23 months.
Rulemaking Authority:
350.127(2), 366.05(1) FS.
Law:
366.03, 366.041(1), 366.05(1), 366.06(1) FS.
Contact:
Cindy Miller, Florida Public Service Commission, Office of the General Counsel, 2540 Shumard Oak Blvd., Tallahassee, FL 32399-0850, (850)413-6082, cmiller@psc.state.fl.us
Related Rules: (1)
25-6.097. Customer Deposits