Florida Senate - 2015                          SENATOR AMENDMENT
       Bill No. CS for HB 7109
       
       
       
       
       
       
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                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                Floor: 4/R/2R          .         Floor: SA2/RC          
             04/29/2015 02:18 PM       .      04/28/2015 01:10 PM       
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       Senator Latvala moved the following:
       
    1         Senate Substitute for Amendment (163040) 
    2  
    3         Delete lines 214 - 233
    4  and insert:
    5         (c) Effective January 1, 2016, a utility may not charge or
    6  receive a deposit in excess of the amounts specified in
    7  paragraphs 1. and 2.
    8         1. For an existing account, the total deposit may not
    9  exceed 2 months of average actual charges, calculated by adding
   10  the monthly charges from the 12-month period immediately before
   11  the date any change in the deposit amount is sought, dividing
   12  this total by 12, and multiplying the result by 2. If the
   13  account has less than 12 months of actual charges, the deposit
   14  shall be calculated by adding the available monthly charges,
   15  dividing this total by the number of months available, and
   16  multiplying the result by 2.
   17         2. For a new service request, the total deposit may not
   18  exceed 2 months of projected charges, calculated by adding 12
   19  months of projected charges, dividing this total by 12, and
   20  multiplying the result by 2.
   21         3. For each new service deposit established under paragraph
   22  2. on or after January 1, 2017, the amount of the deposit shall
   23  be recalculated using actual data when the new customer has had
   24  continuous service for a 12-month period. If the recalculated
   25  amount exceeds the amount of the deposit that was collected from
   26  the customer, the customer shall pay that portion of the
   27  difference that may be billed by the utility. If the
   28  recalculated amount is less than the amount of the deposit
   29  collected from the customer, the utility shall credit the
   30  difference to the customer.