Why does AUB charge a late fee?
As a public utility, where every member of the rate-paying public has a stake in our success, maintaining a robust fiscal condition is the right thing to do. As with any business, AUB has to pay a wholesale price for a commodity, such as power, water, or natural gas, and then resale that commodity at a retail rate. Utilities customers get to use our product about six weeks or so before paying for it. With such a lag time, it becomes critical to our business that we receive payments on time to keep the flow of revenues steady within the utility. If lots of payments come in late, we are put in a bad business position regarding cash flow.
