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I am moving this month to South Charlotte, NC from Jacksonville, Florida and called Duke Energy to setup my utility. I was asked to pay a $150 deposit and it will be returned in 1 year? Is this some kind of a scam or something? I lived in Concord, NC in 2006 and don't remember ever paying any kind of deposit and I have a good credit history as well. Am I bound to pay this or go with another electric company? The Duke rep obviously said that for the area I am living Duke is providing utility. Plan on calling Energy United and Union Power. Any info will be helpful, I still have time to pay the security-deposit but I think it sounds like they just are greedy to take this $150 and just keep it in their pockets for a year.
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Quote:
Originally Posted by davef22
Hi,
I am moving this month to South Charlotte, NC from Jacksonville, Florida and called Duke Energy to setup my utility. I was asked to pay a $150 deposit and it will be returned in 1 year? Is this some kind of a scam or something? I lived in Concord, NC in 2006 and don't remember ever paying any kind of deposit and I have a good credit history as well. Am I bound to pay this or go with another electric company? The Duke rep obviously said that for the area I am living Duke is providing utility. Plan on calling Energy United and Union Power. Any info will be helpful, I still have time to pay the security-deposit but I think it sounds like they just are greedy to take this $150 and just keep it in their pockets for a year.
Thanks!
Concord is one of the cities that is an electricity provider.
I just got an e-mail from Duke saying that no deposit was required. Maybe they do a credit check and base it on the results. No idea why you have to put it up and I do not.
I just got an e-mail from Duke saying that no deposit was required. Maybe they do a credit check and base it on the results. No idea why you have to put it up and I do not.
Duke Energy runs a credit check at the time of application to determine whether a security deposit will be required. Customers can satisfy the residential security deposit by Monetary Deposit or Guarantor (Co-Signer).
When I moved here, I was asked to give a $150 deposit. I can't remember if that was gas or electric, but they returned it after a year. My credit is immaculate, with no negatives and a score between 780-800 depending on which bureau you look at. I was surprised that they required a deposit, but I couldn't get around it.
Piedmont Natural Gas will require a deposit too. It was $250.00 when I got NG years ago. I recently closed the account after moving and didn't get the refund back, ugh.
I just got an e-mail from Duke saying that no deposit was required. Maybe they do a credit check and base it on the results. No idea why you have to put it up and I do not.
What's funny is while I didn't have to provide a deposit for Duke, I did have to for Union Power when I lived in Weddington. They applied it to the last bill as well for me when I moved back to Charlotte. No scam.
So when I set up billing with Duke and PNG I had to give a deposit. They both held the money and gave me interest. PNG was 8%, my friends wanted me to give some for them as it was the best return at the time. After 1 year they credited my account meaning 2 free months. Good deal it worked fine.
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