As of January 1, 2011, the interest rate that telephone and water companies must pay on the deposits they hold for their customers is .29%. Telephone and water company rules use the rate as of November 15 of the previous year.

As of January 1, 2011, the interest rate that gas, electric, and solid waste companies must pay on the deposits they hold for their customers will be determined as of January 18, 2011. Gas, electric, and solid waste company rules use the rate as of January 15, 2011. Because January 15 fell on Saturday and January 17 was a holiday, the 2011 rate was determined as of January 18, 2011. The interest rate for 2011 that gas, electric, and solid waste companies must pay on the deposits they hold for their customers is .26%.

UTC rules set the customer deposit interest rate at the level of the 1-year Treasury constant maturity, as calculated by the U.S. Treasury and published in the Federal Reserve's Statistical Release H.15.

For more information, please contact Linda Anderson (360-664-1301).