Clay Electric personnel continues efforts Wednesday evening, July 7, to restore service to members who were impacted by Tropical Storm Elsa. As of 8 p.m., 1,836 members remained... Continue Reading ›

Clay Electric Cooperative is grieving for a lost friend and co-worker. Lineworker William “Ziggy” Ziegenfelder, 56, passed away while working in the co-op's Gainesville service... Continue Reading ›

Vehicles from our fleet are currently up for auction online and more will be available in the coming weeks. Three auctions will take place; two will feature small fleet vehicles... Continue Reading ›

A forecast team from Colorado State University has predicted an above-average level of activity in the Atlantic basin this hurricane season. The CSU Tropical Meteorology... Continue Reading ›

The 83rd Annual Meeting video report is now available. You’ll hear remarks from the president of the Board of Trustees, Susan Reeves; General Manager Ricky Davis' report; and the... Continue Reading ›

Due to ongoing concerns surrounding the spread of coronavirus, the co-op has made the difficult decision to cancel the gathering portion of Annual Meeting for the second year in a... Continue Reading ›

Credit Score

Clay Electric Credit Score

Your Clay Electric credit score is determined by a credit check at account connection and if you have any credit events while receiving service.  When you make your payments on time, you maintain your perfect score.  If you don’t, your credit rating with Clay Electric will be negatively impacted.   

If your credit score reaches 120 points, you may be billed an additional deposit.  Deposits range from $15.00 to $50.00 per month depending on how much your deposit needs to be increased to equal two months average bill or $250.00, whichever is greater.   

Residential deposits are automatically credited to the account after 12 months of service with a good credit rating (0-25 points). 

By knowing what the rules are, you can keep your credit in good standing.


Credit Event Credit Points

Length of time points are on your credit score

Unfavorable credit check when account is opened 60 12 months
Late payment and you have a zero - 59 credit score 35 2 months
Delinquent - 10 days past due 25 12 months
Delinquent - 25 days past due 25 12 months
Disconnected for Non-Payment 25 12 months
Returned Payment 25 12 months