§ 1404. Cash deposits and household information requirements
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 66 Pa.C.S.A. Public UtilitiesEffective: December 22, 2014
Effective: December 22, 2014
66 Pa.C.S.A. § 1404
§ 1404. Cash deposits and household information requirements
(a) General rule.--In addition to the right to collect a deposit under any commission regulation or order, the commission shall not prohibit a public utility from requiring a cash deposit, payable during a 90-day period in accordance with commission regulations, in an amount that is equal to one-sixth of the applicant's estimated annual bill, at the time the public utility determines a deposit is required, from the following:
(2) Any applicant or customer who is unable to establish creditworthiness to the satisfaction of the public utility through the use of a generally accepted credit scoring methodology, as provided in a commission-approved tariff, and which employs standards for using the methodology that fall within the range of general industry practice.
(b) Third-party guarantor.--Nothing in this section shall be construed to preclude an applicant from furnishing a third-party guarantor in lieu of a cash deposit. The guaranty shall be in writing and shall state the terms of the guaranty. The guarantor shall be responsible for all missed payments owed to the public utility.
(i) Interest shall be computed at the simple annual interest rate determined by the Secretary of Revenue for interest on the underpayment of tax under section 806 of the act of April 9, 1929 (P.L. 343, No. 176),1 known as The Fiscal Code.
(2) If an applicant has household income no greater than 300% of the Federal poverty level, one-twelfth of the applicant's estimated annual bill paid in full at the time the city natural gas distribution operation determines a deposit is required. Applicants who enroll into the Customer Assistance Program made available by the city natural gas distribution operation are not subject to this paragraph.
Credits
2004, Nov. 30, P.L. 1578, No. 201, § 3, effective Dec. 14, 2004. Amended 2014, Oct. 22, P.L. 2545, No. 155, § 2, effective in 60 days [Dec. 22, 2014].
Footnotes
72 P.S. § 806.
66 Pa.C.S.A. § 1404, PA ST 66 Pa.C.S.A. § 1404
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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