PUC Approved Interest Rate on Customer Deposits
Many public utilities offering telephone, energy and water services to residential and commercial customers in the State of Colorado have the provisions in their tariffs that allow the utility to require customers to maintain a deposit with the utility to ensure payment of services. If your utility requires such deposits, it is required to pay simple interest on those customer deposits as prescribed by Commission rules.
Interest Rate on Customer Deposits
For calendar year 2023, the rate will be 1.69%.
For calendar year 2022, the rate is 0.08%.
For additional information and to facilitate any tariff changes, the Commission issued the corresponding Decisions.
Please submit your advice letter as a NEW Advice Letter filing.
Please DO NOT file your advice letter in the miscellaneous proceeding associated with the following listed decisions. Reference to the respective Decision is required on the tariff pages accompanying your advice letter.