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Rate
Schedules and Policies
RSP
D-2
Provision of Service
Contracts
All applicants or customers requesting Industrial Service with
an expected load of 750 kW or more are required to sign a contract.
The contract must include the name, signature and title of the
applicant's signing officer and the corporate seal if applicable.
Accessibility to Maritime Electric Owned
Equipment
on Customer's Premises
Maritime Electric shall have the right to enter the premises of
the customer at all reasonable hours for the purpose of inspecting,
meter reading, maintenance or replacement of Maritime Electric
facilities or rental equipment and the application of Maritime
Electric's rates schedules and policies. The customer's refusal
to grant to Maritime Electric personnel access to Maritime Electric
facilities and rental equipment may result in disconnection of
service.When suitable arrangements cannot be made for the customer's
meter to be periodically read at the normal reading time, Maritime
Electric may require modifications to the metering facilities.
The cost of such modifications shall be borne by the customer.Only
authorized employees and agents of Maritime Electric shall be
allowed to make any repairs or adjustments to any meter or other
Maritime Electric facilities. The customer shall be held responsible
for tampering or interfering with Maritime Electric's meter(s)
or other equipment installed on the customer's premises.
RSP
E-1
E. Security Deposits
Deposit Requirements
Residential:
A security deposit is not required from Customers:
-
who have a satisfactory payment history on another Maritime
Electric account in their name, or
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who
supply a credit reference from another electric utility.
Large Industrial:
A security deposit may be required if the customer has an unsatisfactory
payment history with Maritime Electric.
Other Rate Categories:
All new General Service, Small Industrial, Street Lighting, Area
Lighting, Unmetered and Rental Service Customers will pay a deposit
before connection or reconnection except:
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Municipal,
Provincial or Federal Government agencies;
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Publicly
owned schools and hospitals; or
-
Existing
General Service and Industrial Customers with satisfactory credit
history with Maritime Electric who require a service connection
at another location.
Forms
of Deposits
Security deposits may be in the form of cash, letters of guarantee
from Chartered Canadian Banks or Trust Companies, Bearer Bonds guaranteed
by either the Government of Canada or the Province of Prince Edward
Island, or surety bonds issued by duly authorized companies.
Deposit
Amount
The amount of security deposit for all applicants/customers is the
greater of two average operating months' estimated billing or $100.
RSP
E-2
Security Deposits
Deposit Duration and Interest
The interest rate for a cash deposit is set at the beginning
of the calendar quarter in which it is received.
-
Residential
deposits - the rate prevailing on Government of Canada one
year Treasury Bills; and
-
General
Service and Industrial deposits - the rate prevailing on two
year Government of Canada Bonds.
Interest
on all cash security deposits is compounded semi-annually as long
as any portion of the deposit remains.
Residential, General Service and Industrial accounts are reviewed
periodically and deposits will be refunded as a credit to the
account for which the deposit was held if the Customer has established
a satisfactory payment history. Residential Customer deposits
are reviewed twelve months after a deposit is made, General Service
and Industrial Customer deposits are reviewed twenty-four months
after a deposit is made. If the customer has established a satisfactory
payment history then the security deposit is refunded otherwise
an extension may be required. Interest on security deposit extensions
is calculated at the interest rate prevailing at the time of the
extension.
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