S.C. Code Regs. § § 103-436

Current through Register Vol. 48, 12, December 27, 2024

Section 103-436 - Deposit Retention

A. Deposits shall be refunded completely with interest after two years unless the customer has had two consecutive thirty-day arrears, or more than two non-consecutive thirty-day arrears, in the past twenty-four months.

B. A gas utility shall not be required to refund the deposit if a non-residential customer or its parent company is experiencing financial difficulties as determined by a gas utility using its respective internal credit risk rating criteria and/or if bankruptcy may be imminent, even though the customer continues to make billed payments in a timely manner.

S.C. Code Regs. § 103-436

Amended by State Register Volume 32, Issue No. 5, eff May 23, 2008; State Register Volume 48, Issue No. 05, eff. 5/24/2024.