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File #: 3194-2022    Version: 1
Type: Ordinance Status: Passed
File created: 11/9/2022 In control: Rules & Reference Committee
On agenda: 12/5/2022 Final action: 12/7/2022
Title: To amend Sections 1161.03, 1161.06, 1161.07, 1161.08 of the Columbus City Codes to revise the Division of Power electric service deposit requirements; and to repeal the existing sections being amended.
Sponsors: Rob Dorans
Explanation

This ordinance amends Sections 1161.03, 1161.06, 1161.07, 1161.08 of the Columbus City Code to revise the Division of Power electric service deposit requirements. The Division of Power has collected electric deposits from customers for several years and will continue to collect deposits for new service. In the past customer deposits accrued interest of 4% per annum and the deposit could be returned to the customer, with interest, upon termination of the account. The Division of Power will return all existing customer deposits for customers prior to January 31, 2023, with interest, in the form of a credit to their account to offset future charges. For new customer accounts established after January 31, 2023 their deposit will be returned, in the form of a credit to their account to offset future charges, after a year of good-standing with payments made on time.

FISCAL IMPACT: Customers deposits will be returned to existing customers, with interest, prior to January 31, 2023. New customers as of January 1, 2023 will have their deposit credited to their account after a year of good-standing with payments made on time.

Title
To amend Sections 1161.03, 1161.06, 1161.07, 1161.08 of the Columbus City Codes to revise the Division of Power electric service deposit requirements; and to repeal the existing sections being amended.

Body

WHEREAS, it is necessary to revise the Division of Power electric service deposit requirements;

WHEREAS, such deposits will be returned to existing and former customers through account credits and mail;

WHEREAS, it is necessary to remove interest accruals on electric service deposits;

WHEREAS, new electric customers will be required to make a deposit for new service and the deposit will be returned to the account after a year of good standing; and

WHEREAS, it has become necessary in the usual daily operation of the Department of Public Utilities to amend the City Code; NOW, THEREFORE,

BE IT ORDAINED BY THE C...

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