An extension is an agreement between Boone Electric Cooperative and the member who requests more time to pay their bill. Extensions are granted for one week beyond the scheduled cutoff date. The full extension amount must be paid on or before 5 p.m. on the extension due date.
Members must request an extension before the scheduled cutoff date due to non-payment. No extensions are granted on existing extensions or on accounts that already have been disconnected for non-payment.
Members will be limited to five (5) extension agreements per account each calendar year (Jan-Dec), as long as the member doesn't default on the extension.
Failure to keep the terms of an extension agreement will result in the normal collection process to be reinstated. At such time:
If the member defaults on any extension agreement, no further extensions will be granted for a 12-month period from the date of default. The member may then be required to pay an additional security deposit of two (2) times the highest bill for electric services incurred or estimated for the most recent 12-month period at the service location.