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Late-Payment Rate and Interest Accrued on Customer Deposits
 
At its public meeting on November 22, 2011, the Commission voted to continue the current maximum 1.7 percent monthly rate utilities may charge customers on overdue accounts.  In addition, the Commission approved a change in the interest rate utilities must credit customer deposit accounts from 0.5 percent to 0.1 percent. With this action, PUC Staff prepared tariff sheets and filed them on behalf of the 35 utilty companies.  Staff mailed the tariff sheets in December 2011, with an effective date of January 1, 2012.