Applicants for new residential electric service shall pay a connection fee and make a deposit in the amount established by the council. Applicants for new commercial service shall pay a connection fee and make a deposit in the amount established by the council. Deposits will draw no interest while held by the town. When a customer has furnished a deposit to guarantee payment of bills and service has been terminated, the deposit will be applied to any unpaid charges or indebtedness due the town and the balance refunded.
(Code 1981, § 5-3008; Ord. of 8-5-85(2), § 1)