Co-op members gathered at three trustee district meetings this month to select candidates for the co-op’s Board of Trustees in Districts 1, 8 and 9. Incumbents Carl Hagglund (... Continue Reading ›

Members of the co-op will gather at three trustee district meetings this month for the purpose of selecting candidates for the co-op’s board of trustees. Districts 1, 8 and 9 are... Continue Reading ›

Due to rising fuel costs to generate power and overall increases in expenses, Clay Electric Cooperative will implement an increase in its rates, beginning with December billing... Continue Reading ›

Clay Electric personnel continues efforts Wednesday evening, July 7, to restore service to members who were impacted by Tropical Storm Elsa. As of 8 p.m., 1,836 members remained... Continue Reading ›

Clay Electric Cooperative is grieving for a lost friend and co-worker. Lineworker William “Ziggy” Ziegenfelder, 56, passed away while working in the co-op's Gainesville service... Continue Reading ›

Vehicles from our fleet are currently up for auction online and more will be available in the coming weeks. Three auctions will take place; two will feature small fleet vehicles... Continue Reading ›

Deposit Requirements

Commercial Deposit Requirements

  • Cash deposit of an average two-month bill. 
  • In lieu of cash deposit, an insurance performance bond or an irrevocable letter of credit issued by an FDIC bank may be provided (minimum $2,500).
  • With a good payment history, the deposit amount can be reduced to an average one-month bill.

Note: A deposit can be used to secure more than one account.

Please call your local district office if you would like to discuss deposit requirements.