A deposit or suitable guarantee for each account will be required of a customer before electric
service is supplied. Deposits on all residential customer accounts including temporary boards
or power stations being used as temporary service for residential construction will be Three
Hundred Dollars ($300.00). This amount is based on the average of usage of all customers in
this rate class. All other rate class deposits will be based on the average of 12 months usage, if
available. If not available, information from a load sheet provided by BCES, will be used to
calculate a deposit. A load sheet will not need to be completed for a 400 (four hundred) amp
power station for residential purposes. No deposit will exceed twice the highest monthly bill.
BCES reserves the right to evaluate customer accounts from time to time to either raise or
lower deposits to comply with the formula, not to exceed twice the highest monthly bill. The
above deposits are based on traditional service and does not apply to Pay As You Go
customers. The deposit balance including earned interest for both residential and all other
customers will be accounted for in order to credit the customer’s account and is subject to
review by the customer and Benton County Electric System. If a customer has an old deposit
and relocates to another location in Benton County, the customer can retain his original
Interest will be applied to the customer’s account based on the interest rate that BCES
receives on its passbook savings account with a local bank. Interest is figured, accrued, and
applied to the customer’s account at the end of each calendar year, unless service is
discontinued, at which time the interest is applied and refunded with the final bill.
Upon termination of service, the deposit plus earned interest will be applied by the Benton
County Electric System against any unpaid bills of the customer and if any balance remains
after such application is made, said balance will be refunded to customer.
Any non-residential customer that has electrical service provided for less than 14 days,
the deposit may be waived, if they have active service elsewhere in the county.
This policy is an amendment to the Schedule of Rules and Regulations, Item #2, in the
Power Contract between TVA and Benton County Electric System.
Adopted: 8-25-98 (effective 9-1-98)
Revised: June 28.2011, Effective 7-12-2011
Revised: August 26, 2014
Revised: September 22, 2015 (Effective 10-1-2015)
Revised: January 31, 2023