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KEYS ENERGY SERVICES REFUNDS DEPOSIT INTEREST TO CUSTOMERS

08/03/2004 ~ During the month of August, Keys Energy Services (KEYS) commercial and residential customers with a deposit on their account will be credited for the interest accrued on it over the past year.

The annual interest rate is 0.81% with the refund calculation going back to the last occasion KEYS customers received an interest credit up to, but not exceeding, one year. The rate is based upon the rate of interest that KEYS earns on commercial and residential customer deposits. The refund will appear as a credit on KEYS August electric bill.

When establishing service, KEYS customers have to pay a deposit. This fee varies depending on the customers previous account history as well as if it is a residential or commercial account. The residential deposits are held until the customer has no delinquent payments on their account over a two year period of time, or when their account is closed. At that time, residential customers receive a refund of their initial connection deposit in the form of a credit on their electric bill. Commercial deposits are only refunded in the form of a credit on their electric bill when their account is closed.

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