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%.
(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.
For additional information and to facilitate any tariff changes, the Commission issued the corresponding Decisions
|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)