We just bought and moved into a 3-family in Bed-Stuy and received a notice from Con Ed saying that we need to pay a $330 deposit for our electric service within 10 days. There is also the option of sending “bank letters of credit or surety bonds, which provide a level of security equivalent to cash.” We are really stretched financially at the moment for obvious reasons, and would rather not shell out the $330 (which they’ll hold on to for 3 years, they say). But I don’t understand what the other options entail — what does anyone know what these are and if they’ll spare us from having to spend $330 for the privilege of having electricity? We’ve always paid our bills basically on time in our previous house….<\/p>\n
A secondary, less important question is: are we being asked for this deposit because it’s a three-family with higher usage than our previous home? I don’t recall paying such a deposit when we owned a two-family.<\/p>\n
Thanks for any help!<\/p>\n","protected":false},"excerpt":{"rendered":"
We just bought and moved into a 3-family in Bed-Stuy and received a notice from Con Ed saying that we need to pay a $330 deposit for our electric service within 10 days. There is also the option of sending “bank letters of credit or surety bonds, which provide a level of security equivalent to…<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"schneps_byline":"","schneps_post_style":"","schneps_post_source":"","schneps_syndicated_read_more":"","schneps_post_source_sitename":"","schneps_syndicated_thumb_html":"","schneps_syndicated_thumb_src":"","schneps_post_source_shortname":"","schneps_post_source_url":"","schneps_post_source_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[122],"tags":[],"districts":[],"class_list":["post-14002","post","type-post","status-publish","format-standard","hentry","category-utilities"],"acf":[],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/brownstoner.com\/forum-archive\/2007\/07\/con-ed-deposit\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Con Ed deposit, “letter of credit”?","url":"http:\/\/www.brownstoner.com\/forum-archive\/2007\/07\/con-ed-deposit\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.brownstoner.com\/forum-archive\/2007\/07\/con-ed-deposit\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Utilities","author":[{"@type":"Person","name":"anon"}],"creator":["anon"],"publisher":{"@type":"Organization","name":"Forum Archive","logo":""},"keywords":[],"dateCreated":"2007-07-17T12:30:43Z","datePublished":"2007-07-17T12:30:43Z","dateModified":"2008-07-28T16:27:36Z"},"rendered":"