Why did Baldwin EMC create the deposit upgrade policy?
Over the last few years, Baldwin EMC has seen a large increase in the amount of money that goes uncollected when an account is disconnected. The uncollected money is an expense to the cooperative and are a factor that could force Baldwin EMC to raise the rates on members who have maintained an acceptable payment history. By increasing deposits, there will be more money to be applied to the balance owed when a member’s account is disconnected. This should reduce the amount of money that goes uncollected, and reduce the need to raise rates on all customers. When will my deposit be increased? Your deposit will not be reviewed for an increase unless you are cutoff for non-payment, appear on the cutoff list, or have a check returned due to insufficient-funds. If your account is reviewed, your deposit will be increased if you have either two insufficient-funds checks in the past 12 months, shown up on the cutoff list twice in the last 12 months, or been disconnected for non-payment in the la
