Fees
Membership FeeA membership fee of $5.00 is required to receive electric service from T.I.P. Rural Electric Cooperative. This will appear on the first bill. The membership fee is never lost, and it will be refunded to you if you ever move off of our lines. |
|
DepositThe deposit is based upon the highest bill in the prior 12-month history at the location for which service is requested. The deposit fee may be waived by furnishing T.I.P. REC with a credit reference from a previous power supplier showing at least a year history and that a minimum of 11 payments made on-time. It may also be waived by signing an affidavit of ownership or a guaranty signed by owner, which states that if a tenant doesn't’t pay their bill the owner will pay at least the deposit amount. A member will never lose their deposit, as it is refunded when payment is received on-time for a year or whenever the member moves off of co-op lines. |
|
Collection ChargeIf a member fails to respond to a delinquent notice, a T.I.P. REC employee may post a Notice of Disconnection. This notice will give the member 2 days to pay the delinquent bill or service is up for disconnection. A non-refundable and non-transferable $50 posting fee will be added to the next month’s bill. |
|
Return Check FeeIf a check is returned to the cooperative, there will be a $30 return check fee added to the bill. In addition, the bill will be considered unpaid, and late payment charges will apply, if it is after the due date. |
|
Late Payment PenaltyTo avoid a penalty, payment must reach the office by the “due date” printed on the bill, which is the 24th of each month. A member is allowed one time a year to be late and after that a 1½ % penalty charge will be added to the bill. |
|
Meter Reading PenaltyIf a member elects not to allow us to turn on the radio frequency in the meter so we can read the meter through the air waves, then we will manually read the meter every three months and charge $50.00 for the trip. |
