When you sign up for electric service with Eastern Iowa REC, a credit check is done, but is considered a soft hit and does not affect your credit rating. If your credit is not approved, a meter deposit equal to the highest bill in a 12 month period at the location for which service is requested will be charged. After your account is paid in full by the due date for 12 consecutive months, the meter deposit will be applied to your account as a credit.
Membership Fee – A $10 fee will be paid when application for service is made and will be refunded when service is terminated.
Security Deposit – The deposit will be no more than the highest electric bill paid for the last 12-month period at the location for which service is requested. The meter deposit fee can be waived if the Cooperative receives a written credit reference from your previous electric utility reflecting a prompt 12-month payment history.
Late Bill Charge – A 1.5% charge will be added to any bill not paid by the due date.
Returned Check Charge – A $35 fee will be added to your electric bill for any checks not honored due to “insufficient funds.”
Posting Fee – A fee of $25 will be added to your electric bill anytime a posting is required due to non-payment of your bill.
Reconnection Fee – A $75 fee, and any past-due billing charges, must be paid prior to having your electric service restored after being disconnected for non-payment. The $75 fee is assessed for reconnections made during normal working hours, Monday - Friday, 7 a.m. - 3:30 p.m. Should the reconnection be made outside of normal working hours, on weekends or holidays, the fee is $125.
Returned Check Charge – A $30 fee will be added to your electric bill for any checks not honored due to “insufficient funds.”
Posting Fee – A fee of $25 will be added to your electric bill anytime a posting is required due to non-payment of your bill.
Reconnection Fee – A $75 fee, and any past-due billing charges, must be paid prior to having your electric service restored after being disconnected for non-payment. The $75 fee is assessed for reconnections made during normal working hours, Monday - Friday, 7:30 a.m. — 4 p.m. (Sept.-May) or Monday - Friday 7 a.m. —3:30 p.m. (June-Aug.). Should the reconnection be made outside of normal working hours, on weekends or holidays, the fee is $125.
