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| Business Deposit Information |
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All commercial accounts are required to have a security deposit.
Deposit Amount
- Small Commercial - (annual average of 3,240 kWh or less per month) The deposit will equal two times the projected average bill for a 12-month period.
(For example: The average monthly bill is 150.00. The deposit = 300.00)
- Large Commercial - (annual average of 3,240 kWh or more per month) The deposit will equal a sum of the two largest monthly bills over the last 36-month period. (For example: The two highest monthly bills were 1,100 and 1,200. The deposit = 2,300)
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Deposit Options
- Small Commercial cash deposit - Cash deposits may be paid in four equal monthly installments (1/4 deposit installment billed up front).
- Large Commercial cash deposit - Cash deposits may be paid up-front, before the first bill is sent.
- Irrevocable letter of credit - An Irrevocable letter of credit is issued by a bank authorizing that a specified amount is payable to the company upon demand.
- Surety Bond - A surety bond is issued by an insurance company gauranteeing payment of a specified amount in the event the customer defaults on payment. The customer pays a premium to the insurance company for this service.
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Irrevocable Letter of Credit
Surety Bond
- Letters must contain the exact wording of the company's form.
- The original document must be mailed to:
Westar Energy
PO Box 208
Wichita, Ks 67201-0208 |
- Surety Bond Form (pdf)
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Deposit Refunds
- The deposit plus interest is returned when service is discontinued. Any unpaid bills will be deducted from this amount before the refund is issued. If moving, the deposit will transfer to the new address.
- Deposits in the amount less than $5,000.00 will be refunded after 36 on-time payments. Payments do not have to be consecutive.
- Deposits over $5,000.00 will be held for the life of account.
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The deposit will not be used to cover an overdue bill and will not prevent disconnection of service.
Deposit Interest
Simple interest is paid on cash deposits and applied as a credit to the account once per year. The interest rate is set each year by the Kansas Corporation Commission. The annual interest rate for 2008 is 3.15 percent.
Unclaimed Deposits
Any unclaimed deposit refunds are sent to the state of Kansas. Customers may phone the Unclaimed Property Division (800) 432-0386.
Residential Deposit Information
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