West Virginia § 24-3-8 Deposits; interest

West Virginia Statutes

§ 24-3-8 — Deposits; interest

West Virginia § 24-3-8

Ch. 24PUBLIC SERVICE COMMISSION

Art. 3DUTIES AND PRIVILEGES OF PUBLIC UTILITIES SUBJECT TO REGULATIONS OF COMMISSION

This text of West Virginia § 24-3-8 (Deposits; interest) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 24-3-8 (2026).

Text

(a)No public utility shall require any deposit of any residential customer which shall exceed one twelfth of the estimated annual charge to the customer for such service:Provided, That the provisions of this section shall not apply to deposits received prior to March 12, 1983.

(b)Public utilities may collect and hold a security deposit in accordance with this statute and the rules established by the commission. No interest shall be payable on security deposits when a deposit is, no later than 30 days following the date of the end of the eighteenth month of service, either (1) applied as a credit to the customer’s account, or (2) returned or refunded to the customer by some other means.

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(a) No public utility shall require any deposit of any residential customer which shall exceed one twelfth of the estimated annual charge to the customer for such service:Provided, That the provisions of this section shall not apply to deposits received prior to March 12, 1983.

(b) Public utilities may collect and hold a security deposit in accordance with this statute and the rules established by the commission. No interest shall be payable on security deposits when a deposit is, no later than 30 days following the date of the end of the eighteenth month of service, either (1) applied as a credit to the customer’s account, or (2) returned or refunded to the customer by some other means.