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What happens if I’m late paying my monthly payment?

If we do not receive payment by the 16th day after your billing date, a late fee will be added to your balance, and your account will be considered delinquent. The late fee is 5% on the first $250.00 of the amount owed, and 1% on the remaining balance above $250.00. A reminder notice will be mailed, indicating the amount of payment due. Payment must be received by EPB Electric Power within seven days of this reminder notice in order to avoid disconnection of your service. Please note that EPB Electric Power field representatives cannot accept payments. If you foresee difficulty in paying a bill, call us at (423) 648-1372 and we may be able to extend your payment deadline. In special circumstances, we may also be able to direct you to social service agencies for financial assistance.

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Related FAQs

The security deposit on your non-residential account, plus any accrued interest, will first be applied to any unpaid electric bill, and the remaining amount will be refunded to you.

The non-residential security deposit is typically set at two times the amount of the highest bill on that business account over the previous 12 months. If you're a new business customer without billing history, or a different type of business is moving into an existing space, the initial non-residential deposit will be based on a fault current sheet from your electrician until at least 6 months of usage history is established.

All non-residential electric customers are required to provide an adequate security deposit on their business electric account to ensure coverage, in line with EPB's electric rules and regulations.

Yes, eligible non-residential property owners get a 90-day grace period to connect electric service without a deposit while transitioning a property to a new tenant, as long as the owner is an existing EPB customer in good standing (no disconnect notices, returned checks, or non-pay disconnects). If electric service is needed longer than 90 days, the standard non-residential security deposit policy applies.

For a non-residential account, you can choose from:

  • Cash deposit – held by EPB and accrues interest per EPB's interest rate policy
  • Indemnity bond – valid for at least one year, in a form acceptable to EPB
  • Irrevocable letter of credit – valid for at least one year, in a form acceptable to EPB
  • EPB Enhanced Security Deposit Program – available to non-residential customers with good payment history, subject to insurance carrier approval

Yes. A letter of reference from your previous utility may serve in place of a residential security deposit. Letters must be printed on the utility’s letterhead, authorized by a company official, less than six months old and include a good record of payment for at least 12 months.  Also, a co-signer (or guarantor) who is an existing EPB Electric Power customer with a good payment record for at least 12 months may serve in place of a security deposit. The guarantor will be asked to sign an agreement that will remain in effect for one year.

EPB offers a blanket security deposit option for property owners whose non-residential tenant accounts change periodically. Owners can secure each electric account individually or aggregate them, and the deposit is based on the highest bill per account over the past 12 months, adjusted for occupancy rate. The property owner must continuously maintain this deposit, and when a tenant takes over the electric account, the tenant must provide their own non-residential security deposit per standard policy.

For other questions, get in touch with us

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