Utility Bond (Utility Deposit Bond)

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Bond Penalty: Set by private contractual agreement

A utility bond is a type of financial assurance that affords a public or private utility services provider a hedge to risk of non-payment of a service connection. This surety bond is generally required for new connections when the applicant has no payment history with the particular provider however an utility bond can also be demanded by a provider based on unsatisfactory applicant credit or a history of delinquency(ies) with the provider or other utility. Electric energy enterprises are the most frequent beneficiaries of this class of surety bond however municipal water/sewer/refuse collection services and natural gas enterprises may also require them. Utility bonds are strict financial guarantees and are often subject to adverse selection so underwriting efforts are largely focused on the financial strength and creditworthiness of the applicant. Below are some of the utility providers that regularly require surety bonding.

Puerto Rico Electric Energy Authority Surety Bond (Fianza de AEE)

A minimum utility bond penalty is require from ALL new connections. Larger surety bond penalties are required from past delinquent account users and from users that carrier unbilled balances post-hurricane María. FYI: Al momento Puerto Rico se prepara para convertir en Ley uno de los proyectos de pagos de depósitos o fianza en la Autoridad de Energía Eléctrica (AEE) y la Autoridad de Acueductos y Alcantarillados (AAA).

Con Edison Utility Bond

Upon entry in to energy contract with Con Ed the customer must post a surety bond to guarantee bill payment. The utility bond must remain in effect for three years unless unilaterally released by Con Ed. Surety may cancel the bond HOWEVER per Con Edison, the customer may be obligated to deposit a replacement if he or sher has made late payment within the most recent thirty six month period, financial statements indicate the potential for the customer's default on future payments, the customer has filed for bankruptcy or reorganization, or has been rendered a back-bill with the last twelve months for previously unbilled charges for service that came through equipment that was tampered with.

Duke Energy Progress Utility Bond

Strictly an electricity provider, Duke Energy, Duke Energy Progress and its sister companies may require a surety bond from business and residential customers. Residential/individual accounts are credit reviewed, and both classes of applicant are vetted for previous account history with Carolina Power & Light, Florida Power & Light and affiliated companies' records. This utility bond is subject to adverse selection.

Las Vegas Water District Utility Bond

The Las Vegas Valley Water District is a publicly owned, quasi-municipal non-profit agency of the State of Nevada. In its discretion the Water District may require financial assurance toward the purchase of water service AND to secure attorney fees in the case of collection. Surety may cancel the bond in which case the Water District may discontinue water service to the customer for failure to "establish credit" under the Water District's applicable Service Rules and Regulations.

There are MANY local and regional private and public service providers that offer the utility bond mechanism in lieu of cash act as a "security deposit" towards utility services. If you don't see your utility here, we will be happy to manuscript a surety bond for your particular need.

Additional Utility Bonds
Alabama Gas Corporation Utility Bond
Alabama Power Company Utility Bond
American Electric Power Utility Bond
Arab Electric Cooperative Utility Bond
Bessemer Utility Bond
Chattanooga Electric Power Board Utility Bond
City of Billings Utility Bond
City of Calhoun Utility Payment Bond
City of Ephrata Street & Utility Construction Bond
City of Fayetteville Utility Deposit Bond
City of Foley Utility Bond
City of Frederick Utility/Irrigation Contractors' Bond
City of Gainesville Utility Deposit Bond
City of Houston Utility Deposit for Water/Sewer Services
City of Jacksonville Beach Utility Bond
City of Kennewick Utility & Street Construction Bond
City of Lakeland Utility Deposit Bond
City of Miramar Utility Work in Right of Way
City of Oak Ridge Utility Bond
City of Ocala Utility Services Bond
City of St. Petersburg Utility Deposit Bond
City of Tallahassee Utility Bond
City of Thomasville Utility Bond
City of Tupelo Utility Payment Bond
Clay Electric Cooperative Utility Deposit Bond
Coast Electric Power Utility Bond
Columbia Power & Water Utility Bond
Columbus Light and Water Utility Bond
Con Edison Utility Bond
Connecticut Light & Power Company Utility Payment Bond
Continuous Statewide Utility License Agreement Bond (Utah)
Contractor's Utility Permit Bond (Rhode Island)
Duck River Electric Utility Bond
Duke Energy Utility Bond
Duke Energy Progress
Entergy Arkansas, Inc. Utility Bond
Entergy Louisiana Utility Bond
Entergy Mississippi, Inc. Utility Payment Bond
Entergy New Orleans Utility Bond
Florence Utilities Utility Bond
Florida Power & Light Utility Bond
Gallatin Electric Utility Payment Bond
Georgia Power Company Utility Bond
Greystone Utility Service Guaranty Bond
Huntsville Utility Payment Bond
Individual Utility Permit Bond (Ilinois)
JEA Utility Deposit Bond
Kansas City Power & Light Utility Bond
Kansas Gas Service Utility Service Guaranty Bond
KCP&L Greater Missouri Operations Company Utility Bond
Kissimmee Utility Authority Utility Bond
Knoxville Utility Service Guaranty Bond
LaFollette Utility Bond
Las Vegas Valley Water District Utility
Lenoir City Utility Bond
Long Island Lighting Company Utility
Louisville Gas and Electric Company Utility Deposit Bond
Marietta Board of Lights & Water Utility Bond
Massachusetts Electric Co Utility Payment Bond
Memphis Light, Gas, and Water Utility Service Bond
Mississippi Power Utility Bond
Murfreesboro Electric Utility Bond
Nashville Electric Service Utility Bond
Nevada Energy Utility Payment Bond
North Central Electric Power Association Utility Bond
North Little Rock Utilities Utility Bond
Omaha Public Power Utility Bond
Orange & Rockland Utility Bond
Orange & Rockland Utility Bond
Orlando Utilities Commission Utility Deposit Bond
Pacific Gas and Electric Company Utility Bond
Piedmont Natural Gas Utility Bond
Prentiss County Electric Utility Bond
Progress Energy Carolinas Utility Bond
Public Service Company Utility Bond (Colorado)
Public Service Company Utility Bond (Arizona)
Public Service Utility Bond (Utah)
Salt River Project Utility Bond
Santee Cooper Power Utility Deposit Bond
SECO Utility Deposit Bond
South Carolina Electric & Gas Company Utility Deposit Bond
Southern California. Edison Company Utility Bond
Southern Pine Electric Utility Deposit Bond
Southwest Gas Utility Bond
Tampa Electric Company Utility Bond (TECO Bond)
TECO Peoples Gas Utility Deposit Bond
The Empire District Company Utility Bond
Tohopekaliga Water Authority Utility Bond
Tucson Electric Utility Bond
Tullahoma Utility Bond
TXU Energy Utility Payment Bond
Underground Utility Contractor License Bond (Rhode Island)
Union Power Cooperative Utility Bond (North Carolina)
Washington Gas Light Co Utility Payment Bond
Westar Energy Electric Utility Bond

National surety bond leader, Surety One, Inc. offers same-day quoting of your utility bond need. Residential and commercial accounts are welcome. Our special program affords access to surety support regardless of applicant credit and financial condition. For more information call (800) 373-2804, email Underwriting@SuretyOne.com or click here to discuss an utility bond.

Surety bond application review and quoting are free of charge. There is no obligation to purchase.