Public Utilities Commission DORA State of Colorado Public Utilities Commission Public Utilities Commission State of Colorado DORA


Customer Deposits

PUC Approved Interest Rate on Customer Deposits


Many public utilities offering telephone, energy and water services to residential and commercial customers in the State of Colorado have provisions in their tariffs that allow the utility to require customers to maintain a deposit with the utility to ensure payment of services. If the utility requires such deposits, it is required to pay simple interest on those customer deposits as prescribed by Commission rules. See Telecommunications rule: 723-2-2302, Electric rule 723-3-3403 . Gas rule 723-4-4403 and Water rule 723-5-5403.

Year 2012 Interest Rate on Customer Deposits

For calendar year 2012, the rate will remain 0.34%.
(The basis point differential is less than 25 points)

(See notice regarding 2012 customer deposit interest rate - PDF)

Jurisdictional utilities are reminded that it might be necessary to file an advice letter and amend their tariffs to reflect the change in the rate of interest to be paid on its customer’s deposits. Filings to implement this tariff change are expected to be filed on or before December 30, 2011 with an effective date of January 1, 2012.
                                          
Failure to file any required compliance on or before December 30, 2011 will be viewed as an intentional violation of Commission fining rules 2895, 3976, 4976 or 5420 and the company could be subject to up to a $500.00 fine.

For additional information and to facilitate any tariff changes, the Commission issued the corresponding Decisions

(Please submit your advice letter as a NEW Advice Letter filing. DO NOT file your advice letter in the docket associated with the following listed decisions; but do reference the respective Decision and Docket on the tariffs accompanying your advice letter).

please reference
decision and docket numbers =>

click to link to decision

dockets
Electric Utilities
Gas Utilities
Water Utilities
Telecommunications Providers
  • Please submit your advice letter as a NEW Advice Letter filing. DO NOT file your advice letter in the docket associated with the above listed decisions.

  • Please reference the respective Commission Decision Number on the tariffs accompanying your advice letter. The advice letter filing is a compliance filing.
Year 2011 Interest Rate on Customer Deposits

For calendar year 2011 the rate compliance is 0.34%.

(See notice regarding current year 2011 customer deposit interest rate - PDF)

Staff contact

If you have any questions regarding the applicability of the interest rate on deposits, the manner in which the rate is calculated, or any other issues relating to this letter, please contact
Michelle Franca at 303-894-2828 or Michelle.Franca@state.co.us

 
Consumer Protection