Deposit Alternatives announces strategic partnership with Edison Electric Institute to deliver security deposit innovations for the energy industry.
Jackson, MS (June 1, 2021) - Deposit Alternatives announces a strategic partnership with the Edison Electric Institute (EEI) to meet the increasing demand for new, innovative solutions for security deposits requirements. With the rising influence of social media and technology, customers expect personalized services from all business - including electric companies. While many electric companies have taken strides to improve their customers’ experiences, the industry still lags others such as the banking, telecommunications, and retail industries. Together with the EEI, Deposit Alternatives supports industry-leading initiatives that reimagine utility security deposit solutions. "We see great value in this partnership and plan to use their resources to strengthen our reach as well as enhance communities around the country with our solutions." says Mike Kerce, Deposit Alternatives' CEO. "With their high-level influence and our innovative plan, this partnership stands to make significant moves in the industry." Visit our EEI-Partnership page to learn more about this new partnership. Please direct questions to John Grady Burnett at jburnett@depositalternatives.com.
About Deposit Alternatives Deposit Alternatives offers electric utility customers the choice of a smaller, nonrefundable charge-usually 50% of a traditional deposit-at activation and guarantees reimbursement to utilities if a DAP-enrollee customer defaults. About Edison Energy Institute The Edison Electric Institute represents U.S. investor-owned electric companies providing electricity for 220 million Americans across all 50 states and the District of Columbia. In addition to their U.S. members, the EEI has over 65 international electric companies as International Members, and hundreds of industry suppliers and related organizations as Associate Members.