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4.2 ERMUSR 5-12-2020UTILITIES COMMISSION MEETING TO:FROM: ERMU Commission Jennie Nelson – Customer Service Manager MEETING DATE: AGENDA ITEM NUMBER: May 12, 2020 4.2 SUBJECT: Deposit Policy ACTION REQUESTED: None BACKGROUND: During the April 14, 2020 meeting, the commission discussed the current Customer Deposit Policy. More specifically, the commission discussed the timeframe in which Elk River Municipal Utilities keeps a deposit on a customer’s account. Per the policy, the deposit is held on the account until the account is inactive. The commission directed staff to research other utilities’ policies and bring information back in May. DISCUSSION: Staff is in the process of gathering data from neighboring utilities regarding their policies. Staff has also reached out to the Minnesota Municipal Utilities Association to conduct a survey amongst their members on their deposit policies. The American Public Power Association is also compiling survey data regarding customer policies. As this information is not fully compiled, this will be brought back to the commission at a later date. ______________________________________________________________________________ Page 1 of 1 115