§ 400 — Unclaimed deposits and refunds for utility services

§ 400. Unclaimed deposits and refunds for utility services. 1. The\nfollowing unclaimed moneys held or owing by a gas corporation, an\nelectric corporation, a gas and electric corporation, a district steam\ncorporation, an energy services company, a telegraph corporation, a\ntelephone corporation, a telegraph and telephone corporation, or a\nwaterworks corporation, shall be deemed abandoned property:\n (a) Any deposit made by a consumer or subscriber with such a\ncorporation or ESCO to secure the payment for utility services furnished\nby such corporation or ESCO, or the amount of such deposit after\ndeducting any sums due to such corporation or ESCO by such consumer or\nsubscriber, together with any interest due thereon, which shall have\nremained unclaimed by the person or persons appearing to be entitled\nthereto for two years after the termination of the utility services to\nsecure the payment of which such deposit was made, or, if during such\ntwo year period utility services are furnished by such corporation or\nESCO to such consumer or subscriber and such deposit is held by such\ncorporation or ESCO to secure payment therefor, for two years after the\ntermination of such utility services.\n (b) Any amount paid by a consumer or subscriber to such a corporation\nor ESCO in advance or in anticipation of utility services furnished or\nto be furnished by such corporation or ESCO which in fact is not\nfurnished, after deducting any sums due to such corporation or ESCO by\nsuch consumer or subscriber for utility services in fact furnished,\nwhich shall have remained unclaimed by the person or persons appearing\nto be entitled thereto for two years after the termination of the\nutility services for which such amount was paid in advance or in\nanticipation, or, if during such period utility services are furnished\nby such corporation or ESCO to such consumer or subscriber and such\namount is applied to the payment in advance or in anticipation of such\nutility services, for two years after the termination of such utility\nservices.\n (c) The amount of any refund of excess or increased rates or charges\nheretofore or hereafter collected by any such corporation or ESCO for\nutility services lawfully furnished by such corporation or ESCO which\nhas been or shall hereafter lawfully be ordered refunded to a consumer\nor other person or persons entitled thereto, together with any interest\ndue thereon, less any lawful deductions, which shall have remained\nunclaimed by the person or persons entitled thereto for two years from\nthe date it became payable in accordance with the final determination or\norder providing for such refund.\n 2. Any such abandoned property held or owing by such a corporation or\nESCO to which the right to receive the same is established to the\nsatisfaction of such corporation or ESCO shall cease to be deemed\nabandoned.\n