Business Deposit

All business 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)

Deposit Assessment
Security deposits may be requested at the time of application for service or at any time thereafter if one of the following criterion is met.

• Customer has no credit history with Westar Energy
• Customer has not met 20 our of 24 on time payments.
• Customer has an undisputed, unpaid bill.
• Customer has interfered with, tampered with or diverted service.
• Customer who fails to pay an undisputed bill before the delinquency date for three consecutive billing periods, one of which is at least 30 days past the due date of the bill.
• Customer has been disconnected for non-payment two or more times within the most recent 12 month period.
• Customer has defaulted on a payment agreement two or more times within the most recent 12 month period.
• Customer has tendered two or more insufficient funds payment within the the most recent 12 month period.

Deposit Options

• Small Commercial cash deposit - Cash deposits may be paid in four equal monthly installments.
• 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.

Irrevocable Letter of Credit

• 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

     There is a separate form for North and South Customers
         ILC Form (North)     List of North Communities
         ILC Form (South)    List of South Communities

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

     There is a separate form for North and South Customers
         Surety Bond (North)     List of North Communities
         Surety Bond (South)    List of South Communities

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 20 of 24 on time payments.
• Deposits over $5,000.00 will be held for the life of account.

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 2013 is .18 percent. The annual interest rate for 2012, was .12 percent.

Unclaimed Deposits

Any unclaimed deposit refunds are sent to the state of Kansas. Customers may phone the Unclaimed Property Division (800) 432-0386.