Humboldt Utilities requires a security deposit of up to 2.5 times the estimated average monthly bill for Industrial Customers applying for utility service.
Deposit may be secured by one or a combination of the following:
- Certificates of Deposit assignments – local banks
- Surety Bonds – companies authorize to do business in the state of Tennessee
- Irrevocable Letter of Credit from a reputable financial institution licensed to do business in the state of Tennessee
- TVA Security Deposit Program – (subject to availability)
The Humboldt Board of Public Utilities reserves the right to make exceptions or changes to any of the terms and conditions listed above.