CREDITWORTHINESS / SECURITY DEPOSITS

Creditworthiness is a requirement of new customer service.

This can be satisfied by being an owner of the premises or other real estate in Ohio Cumberland’s gas service area; by having a credit score of 660 or greater; by providing customer history from another natural gas company with whom you’ve had service for the past 24 months and the account is current and been timely paid; provide a Guarantor who meets satisfactory credit criteria; or pay a security deposit.

A security deposit may be required as a form of creditworthiness or to re-establish creditworthiness with Ohio Cumberland Gas. Security deposits are calculated on one-twelfth of the estimated charge for regulated service for the ensuing twelve months, plus thirty percent of the monthly estimated charge.

Residential customer
Ohio Cumberland Gas will hold a security deposit for a residential customer for a period of one year of timely made payments and then refund (with interest at the rate of 3% per annum if held longer than 180 days) to your gas account

OR Upon notice of move out, the deposit will be refunded (with interest at the rate of 3% per annum if held longer than 180 days) to your gas account.

The rate of interest to be paid on said deposit will not be less than the rate established by the Public Utilities Commission of Ohio from time to time.

A security deposit receipt will be provided to each customer who is required to pay a security deposit.

Small commercial customer
Ohio Cumberland Gas may hold a security deposit for a small commercial customer for a period up to 24 months and then refunded onto the gas account (with interest at the rate of 3% per annum if held longer than 180 days) if there are no more than 3 past due bills.

OR Upon notice of move out, the deposit will be refunded (with interest at the rate of 3% per annum if held longer than 180 days) to your gas account.

The rate of interest to be paid on said deposit will not be less than the rate established by the Public Utilities Commission of Ohio from time to time.

A security deposit receipt will be provided to each customer who is required to pay a security deposit.