OAR 860-021-0210
Interest on Deposits for Residential and Nonresidential Utility Service

(1)

Each year, the Commission shall establish an annual interest rate that must be paid on customer deposits. The Commission will base the rate upon consideration of the effective interest rate for new issues of one-year Treasury Bills issued during the last week of October, the interest rate on the most recent issuance of one-year Treasury Bills, or the effective interest rate for the average yield of Treasury Bills of the closest term issued during the last week of October. This interest rate, rounded to the nearest one-half of one percent, shall apply to deposits held during January 1 through December 31 of the subsequent year. The Commission will advise all energy and large telecommunications utilities of the changes in the rate to be paid on customer deposits held as needed.

(2)

Upon payment of a deposit, the energy or large telecommunications utility shall provide the customer documentation showing the date, name of the applicant or customer, the service address, the amount of deposit, a statement that the deposit will accrue interest at the rate prescribed by the Commission, and an explanation of the conditions under which the deposit will be refunded.

(3)

If the deposit is held beyond one year, accrued interest will be paid by a credit to the customer’s account. If held less than one year, interest will be prorated. An energy or large telecommunications utility shall keep a detailed record of each deposit received until the deposit is credited or refunded.

Source: Rule 860-021-0210 — Interest on Deposits for Residential and Nonresidential Utility Service, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=860-021-0210.

860‑021‑0000
Applicability of Division 21 860‑021‑0005
Scope of the Rules 860‑021‑0008
Definitions for Regulation of Utility Services 860‑021‑0009
Applications for Utility Service from an Energy or Large Telecommunications Utility 860‑021‑0010
Information for Utility Customers and Applicants 860‑021‑0011
Multilingual Notices 860‑021‑0015
Dispute Resolution 860‑021‑0017
Designation of Third Party to Receive Notices 860‑021‑0019
Restrictions on Entering a Customer Residence 860‑021‑0021
Interruption of Utility Service 860‑021‑0033
Annual Fees Payable to the Commission by an Electric Utility 860‑021‑0034
Annual Fees Payable to the Commission by Gas Utility or Steam Heat Utility 860‑021‑0036
Annual Fees Payable to the Commission by a Large Telecommunications Utility 860‑021‑0037
Estimated Annual Fees Payable to the Commission 860‑021‑0045
Installation of Electric Service 860‑021‑0050
Installation of Gas Service 860‑021‑0051
Main Extensions for Gas Service 860‑021‑0055
Temporary Utility Service 860‑021‑0057
Connection of Residential Energy Utility Service 860‑021‑0120
Meter Readings and Bill Forms 860‑021‑0125
Due and Payable Period 860‑021‑0126
Late-Payment Charge 860‑021‑0130
Meter Test 860‑021‑0135
Adjustment of Utility Bills 860‑021‑0170
Billing Error Reporting 860‑021‑0200
Establishing Credit for Residential Utility Service 860‑021‑0205
Deposit Payment Arrangements for Residential Energy Utility Service 860‑021‑0206
Payment Arrangements for Deposit and Installation Charges for Residential Telecommunications Utility Service 860‑021‑0210
Interest on Deposits for Residential and Nonresidential Utility Service 860‑021‑0215
Refund of Deposits for Residential and Nonresidential Utility Service 860‑021‑0305
Grounds for Disconnecting Utility Service 860‑021‑0310
Voluntary Disconnection of Utility Service 860‑021‑0315
Emergency Disconnection of Utility Service 860‑021‑0320
Disconnection of Service on Weekends and Holidays 860‑021‑0325
Accounts Not Related to Residential Utility Service 860‑021‑0326
Disconnection of Gas or Electric Service to Tenants 860‑021‑0328
Reconnection of Residential Energy Utility Service 860‑021‑0330
Reconnection Fee for Utility Service 860‑021‑0334
Transfer Billings 860‑021‑0335
Refusal of Utility Service 860‑021‑0405
Notice of Pending Disconnection of Residential Electric or Gas Utility Service 860‑021‑0407
Severe Weather Moratorium on Involuntary Disconnection of Residential Electric or Gas Utility Service 860‑021‑0408
Disconnect Reporting Rule 860‑021‑0410
Emergency Medical Certificate for Residential Electric and Gas Service 860‑021‑0414
Equal-Payment Plans for Residential Electric and Gas Service 860‑021‑0415
Time-Payment Agreements for Residential Electric and Gas Service (Nonmedical Certificate Customers) 860‑021‑0420
Field Visit Charge 860‑021‑0505
Disconnection Procedures for All Commercial Electric and Gas Utility Customers and All Customers of Large Telecommunications Utilities 860‑021‑0510
Emergency Medical Certificate for Residential Telecommunications Utility Service 860‑021‑0550
Termination of Local Exchange Residential Service for Telecommunications Customers at Significant Risk 860‑021‑0575
Time Payment Agreements for Large Telecommunications Utilities 860‑021‑0610
Telephone Solicitation Notices by Large Telecommunications Utilities 860‑021‑0620
Customer Notification and Information Delivery Services for Large Telecommunications Utilities
Last Updated

Jun. 8, 2021

Rule 860-021-0210’s source at or​.us