- (1) Rate-regulated water utilities must pay interest on all customer deposits. Each year the Commission will notify all rate-regulated water utilities of the required interest rate to be applied to deposits held during January 1 through December 31 of the subsequent year.
- (2) If the deposit is held beyond one year, accrued interest must be paid by a credit to the customer’s account. If held less than one year, interest must be prorated.
Statutory/Other Authority
ORS 183, 756 & 757
Statutes/Other Implemented
ORS 756.040
History
PUC 1-2017, f. & cert. ef. 1-24-17