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Many public utilities offering telephone, energy and water services to residential and commercial customers in the State of Colorado have the provisions in their tariffs that allow the utility to require customers to maintain a deposit with the utility to ensure payment of services. If your utility requires such deposits, it is required to pay simple interest on those customer deposits as prescribed by Commission rules.
Interest Rate on Customer Deposits
For calendar year 2014, the rate is 0.34%
For calendar year 2015, the rate will remain at 0.34%.
See notice regarding 2014 rate - Customer Deposits Interest Rate for 2014
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. Proceeding number found on the Decision.
Please DO NOT file your advice letter in the miscellaneous proceeding associated with the following listed decisions. Reference to the respective Decision is required on the tariff pages accompanying your advice letter.
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 email@example.com