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Yes, the City does accept letter of credit from a utility company (water, electric, or gas) for the last 24 months, with no more than one delinquency.
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No, deposits have to be paid in full before service will be connected.
Any current deposits you have on the account will transfer over to the new account. However, you may have to add more deposits to your account depending on the service you are requesting and your past credit history.
Yes, in most cases the deposit you had previously was applied to your last bill and new deposits will be required for the new address.
Deposits stay on the account until the account is disconnected. Once the account is disconnected, the deposit is applied to the final bill. You will be notified if there is any money left to be refunded or you will receive a bill for the amount left that the deposit did not cover.