Fort Loudoun Electric Coop late fee
Tennessee · Cooperative
Fort Loudoun Electric Coop charges 5% for a residential electric bill paid late.
- Percentage fee
- 5% of the past-due balance
- Grace period
- 10 days
- Can disconnect
- Yes, for non-payment
- Percentile
- Higher than 51% of US utilities that charge a percentage fee
- Residential customers
- 30,527
5% penalty on net amount; disconnect 10 days past due (Fort Loudoun EC co-op TN, TVA)
Source: https://www.flec.org/Content/Uploads/FLEC/files/BP306.pdf