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Level Payment
Plan Overview
The level payment plan is a way
for Nebraska City Utilities’ (NCU) customers to pay the same
amount each month regardless of the current billing for the
individual customer. This plan allows the customer to
budget the same amount each month for utilities for a twelve
(12) month period. NCU will use the previous twelve (12)
month’s billing information and use that total divided by
twelve (12) to determine the monthly level payment amount for
the next year. See below for guidelines to participate in
this program. If you are interested in the level payment
plan please contact our business office at
(402) 873-3353 or use our online form to have an application
sent to you.
Level
Payment Plan Guidelines
-
Customer
needs to be current.
-
Take
yearly estimate divide by 12. Roll credit or balance owing into
calculation. No refunds or requirement to pay off balance if
deficit occurs from low estimate.
-
No
late charges, No interest paid.
-
Customer
needs a 12 month history in existing residence.
-
Customer
may be late once in a 12 month level pay year. Payment must be
paid by the final notice date or the customer will be dropped
from plan.
-
Available
to residential customers only.
-
New program year begins in May.
-
Option
to adjust monthly payment amount if price changes dramatically.
Example
of budget calculation
|
Amount
Billed |
| May-00
- |
$98.99 |
| Jun-00
- |
$108.03 |
| Jul-00
- |
$112.22 |
| Aug-00
- |
$137.27 |
| Sep-00
- |
$143.59 |
| Oct-00
- |
$109.83 |
| Nov-00
- |
$102.31 |
| Dec-00
- |
$176.90 |
| Jan-01
- |
$200.57 |
| Feb-01
- |
$169.06 |
| Mar-01
- |
$153.80 |
| Apr-01
- |
$113.53 |
| Total
= |
$1626.10 |
|
Divide
by 12 |
| Monthly
Level Pay = |
$136.00 |
Automatic
Bank Payments (ACH)
Customers
of Nebraska City Utilities have the option to have their bills paid
automatically from their bank account. Customers that choose
this method of payment will receive their regular bill each month
for review and to record the payment for future account
reconcilement. The payment will be drawn from their account on
the due date. If the due date falls on a weekend or holiday, the
payment will be withdrawn on the business day closest to the due
date. If interested in taking advantage of this payment method
please contact our business office at (402) 873-3353 or use our
online form to have an application sent to you.
Deposits
Overview
Deposits are required for new customers of Nebraska City
Utilities (NCU) and are due at the time service is applied
for. Deposits are required for all commercial accounts.
Deposits are required for residential accounts unless the applicant
owns the home where they are applying for service or if an
acceptable letter of credit from a prior utility company is provided
to NCU. See below for more information concerning deposits.
Residential
Deposits for
service are as follows: Electric $100.00, Gas $100.00, Water and Sewer
$50.00. For any combination of services please add individual
amounts together. For example if electric and gas service is
needed the deposit would be $100.00 + $100.00 = $200.00. Deposit are
held for a period of three (3) years.
A letter of credit
from a previous utility provider may be used provided service was
obtained from them for a minimum of three (3) years and the letter
of credit is acceptable.
Commercial
Deposits for
commercial accounts are based on prior history of an existing
business. The deposit is two (2) times the highest billing
provided the new business is similar to the previous business.
If a previous business did not exist or if businesses are not
similar a deposit will be calculated on estimated usage. If
the estimate is not accurate an adjustment of the deposit can be
made. Commercial deposits requirements can be met by any of
the following:
- Cash
- Payment Bond
- Financial
Instrument (C.D.) in the name of Nebraska City Utilities from
which the depositor shall receive the interest.
- Letter of Credit
(Guarantee) from an approved financial institution.
Deposits are held for
a period of three (3) years.
Interest Paid on Deposits
Customers that have deposits of $500.00 or greater with Nebraska
City Utilities will be paid interest on the deposit from the day the
deposit is paid until the deposit is refunded to the customer,
applied towards payment of the customer’s bill or until the
account is closed. The interest rate is 4% simple interest
paid/applied on the next regular billing date after the deposit is
eligible to be refunded or the account is closed.
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