What Is a Utility Bond?

A utility bond is required by utility companies, before they’ll provide you with their services. The bond is a guarantee that you will make all due payments to the company in time.

Individuals need utility bonds only in some specific circumstances. However, businesses are often required to provide the bond before the utility starts the service. Homeowners might be asked to get a utility bond if they have a track record of late payments, in order to guarantee that they won’t default on their payments.

The utility deposit bond is a contractual agreement between three parties. Your business is the principal, the utility company is the obligee that requires the bond, and the surety is the one providing it.

The utility bond is a financial guarantee bond. In most cases, surety bonds protect the consumer and are required by state or government authorities. In this case, the protection is sought by the private utility companies. Financial guarantee bonds have been unpopular with sureties because of the higher financial risk involved. Recently, however, more sureties are underwriting this kind of bonds, and the market is opening.

Don’t forget that getting a claim on your utility surety bond is not a good idea. If a claim is proven, the surety will cover all costs up to the penal sum. Afterwards, you will have to reimburse the surety in full. A claim against your bond can have a negative impact on your business, which is why you should always avoid claims.

Search for your bond in the table below or continuing reading for more information. If you can't find what you are looking for, do not hesitate to call us at (866) 450-3412.

Find the Bond You Need

The table below contains a list of only the most popular surety bonds. If you can't find yours, fill out our online application and select "Not in the list".

Alabama Indemnity Bond for Electric Service and/or Steam H ALABAMA POWER Apply Now
Alabama Indemnity Bond for Gas Service Alabama Gas Corporation Apply Now
Alabama Huntsville Utilities Bond Huntsville Utilities Apply Now
Alabama Florence Utilities Deposit Bond Florence Utilities, City of Florence AL Apply Now
Alabama Payment of Utility Bills Bond (Decatur Utilities) Decatur Utilities Apply Now
Arizona APS Electric Service Bond Arizona Public Service Apply Now
Arizona Salt River Project Utility Deposit Salt River Project - Commercial Credit Dept. Apply Now
Arizona Utility Deposit Tucson Electric Apply Now
Arizona Bond for Utility Users Corporation Commission Apply Now
Arizona Sulphur Springs Valley Electric Utility Deposit Bo SULPHUR SPRINGS VALLEY ELECTRIC COOPERATIVE INC Apply Now
Arizona Payment of Utility Services Bond City of Mesa: Attention Credit Services Apply Now
Arkansas Paragould Light Water and Cable Utility Bond PLWC Apply Now
Arkansas Entergy Arkansas, Inc. Electric Service Bond Entergy Arkansas, Inc. Apply Now
California SURETY BOND / BILL GUARANTY PG&E Apply Now
California Public Utilities Commission Public Utilities Commission Apply Now
California Edison Company Southern California Edison Company Apply Now
California Southern California Gas Company Bond Southern California Gas Company Apply Now
California SDGE Utility Deposit Bond SAN DIEGO GAS & ELECTRIC Apply Now
California Sacramento Municipal Utility District Bond Sacramento Municipal Utility District Apply Now
California Modesto Irrigation District Utility Deposit Bond Modesto Irrigation District Apply Now
California SCEC Utility Deposit Bond Southern California Edison Company Apply Now
California Southwest Gas Corporation Utility Bond Southwest Gas Corporation Apply Now
California City of Los Angeles Utility Bond Department of Water and Power Apply Now
California Electric Service Provider Bond California Public Utilities Commission Apply Now
California Telephone Corporation Bond (CPUC) Public Utilities Commission of California Apply Now
Colorado La Plata Electric Association Utility Payment Bond La Plata Electric Association Apply Now
Connecticut CT Light & Power Surety Connecticut Light & Power Apply Now
Florida Withlacoochee River Electric Cooperative Withlacoochee River Electric Cooperative Apply Now
Florida Electric and/or Water Service Bond Jacksonville Electric Authority Apply Now
Florida OUC Utility Deposit Bond Orlando Utilities Commission Apply Now
Florida Utility Deposit Bond Florida Power Light Company Apply Now
Florida Utility Deposit Guaranty Bond Lakeland Electric Apply Now
Florida Hillsborough County Water and/or Wastewater Servic Hillsborough County, FL Apply Now
Florida GRU Utility Bond Gainesville Regional Utilities Apply Now
Florida Gulf Power Company Utility Deposit Bond Gulf Power Company Apply Now
Florida Progress Energy Utility Deposit Bond Progress Energy Florida - Credit Dept ? BAY 71 Apply Now
Florida Utility Payment Bond Florida Public Utilities Apply Now
Florida Orlando Utility Commission Bond City of St. Cloud,OUC Apply Now
Florida TECO Electric Utility Bond Tampa Electric Company Apply Now
Florida Emerald Coast Utilities Authority Indemnifying Bon Emerald Coast Utilities Authority Apply Now
Florida TECO Gas Bond TECO Peoples Gas Apply Now
Florida Utility Services Furnished by Beaches Energy Bond Beaches Energy Services Apply Now
Florida Orange County Utilities Services Bond ORANGE COUNTY UTILITIES SERVICES Apply Now
Florida Sumter Electric Cooperative, Inc. Bond Sumter Electric Cooperative, Inc. Apply Now
Florida Duke Energy Utility Deposit Bond Duke Energy Florida, Inc. Apply Now
Florida Kissimmee Utility Authority Utility Deposit Bond KISSIMMEE UTILITY AUTHORITY Apply Now
Florida City of Tallahassee Utility Deposit Bond City of Tallahassee Apply Now
Florida City of Winter Park Utility Deposit Bond City of Winter Park Apply Now
Florida In Lieu of Deposit Bond Utility Commision for New Utility Commission for New Smyrna Beach Apply Now
Georgia Georgia Utility Deposit Snapping Shoals Apply Now
Georgia Georgia Power Company, McDonough, GA Georgia Power Company Apply Now
Georgia Financial Guarantee Walton EMC Apply Now
Georgia Utility Service Guaranty GreyStone Power Corporation Apply Now
Georgia Gas Utility Deposit The City of Madison Apply Now
Georgia Snapping Shoals Utility Payment Bond Snapping Shoals Apply Now
Georgia Jackson Electric Membership Corporation Electric S Jackson EMC Apply Now
Georgia Marietta BLW Service Agreement Bond Marietta Board of Lights and Water Apply Now
Iowa Alliant Energy Utiltiy Bond Alliant Energy Apply Now
Kansas The Empire District Company The Emipre District Company Apply Now
Kansas Westar Energy Electric Utility Service Bond Westar Energy, Inc. Apply Now
Kentucky City of Henderson Utility Payment Bond City of Henderson Utility Commission Apply Now
Local Government North Little Rock Electric Utility North Little Rock Electric Apply Now
Local Government Payment of Utility Services City of Mesa, AZ Apply Now
Local Government Fort Pierce Utilities Authority Indemnity Bond Fort Pierce Utility Authorities Apply Now
Local Government Utility Deposit Bond Kansas City Board of Public Utilities Apply Now
Local Government Utility Deposit Bond City of Fort Worth Water Department Apply Now
Louisiana Utility Payment Bond Claireborne Electric Apply Now
Louisiana In Lieu of Cash Deposit Bond SWEPCO Apply Now
Louisiana Electric and or Gas Service Bond (Entergy Gulf Sta Entergy Gulf States Louisiana, LLC Apply Now
Louisiana Utility Payment Bond (CLECO) Cleco Louisiana Apply Now
Maine Retail Store Bond (Central Maine Power Company) Central Maine Power Company Apply Now
Maryland Baltimore Gas & Electric Utility Bond Baltimore Gas & Electric Apply Now
Massachusetts Utility Deposit Bond NSTAR Electric Company Apply Now
Michigan Bond Guaranteeing Payment of Utility Bills Consumers Energy Apply Now
Minnesota Anoka Municipal Utility Bond anoka municipal utility (AMU) Apply Now
Mississippi Natural Gas Service Bond Willmut Gas Co. Apply Now
Mississippi Electric Service Bond Pearl River Valley Electric Power Association Apply Now
Mississippi Electric Service Bond Central Electric Power Association Apply Now
Mississippi Utility Deposit Bond (4-County Electric Power Asso 4 County Electric Power Association Apply Now
Mississippi Electric Service Indemnity Bond (Coast Electric Po Coast Electric Power Association Apply Now
Missouri The Empire District Company Empire Electric Apply Now
Missouri Utility Guarantee White River Valley Electric Cooperative Apply Now
Missouri City of Columbia, Utility Customers Bond City of Columbia Finance Dept Apply Now
Missouri Electrical Service Bond KCP&L Apply Now
Nevada Utility Deposit Bond Las Vegas Valley Water District Apply Now
New Jersey Energy Consultant Bond New Jersey Treasurer Apply Now
New Jersey Utility Deposit Bond New Jersey Board Of Public Utilities- Audit/Licens Apply Now
New Mexico Utility Deposit Bond Public Service Company of New Mexico Apply Now
New York Utility Deposit Bond NIAGARA MOHAWK POWER CORP dba NATIONAL GRID Apply Now
New York Long Island Lighting Company Utility Deposit Bond Long Island Power Authority Apply Now
New York (PSEGLI) Utility Payment Bond Public Service Enterprise Group Long Island (PSEGL Apply Now
North Carolina Duke Energy Duke Energy Apply Now
North Carolina Utility Deposit Bond Progress Energy Carolinas, Inc. Apply Now
North Carolina Utility Guarantee Bond Kinston Public Services Apply Now
North Carolina Union Power Cooperative Bond Union Power Cooperative Apply Now
North Carolina Utility Deposit Bond Dominion North Carolina Power Apply Now
North Carolina Utility Deposit Bond Duke Energy Florida, Inc Apply Now
North Carolina In Lieu of Deposit Bond City of New Bern Apply Now
North Carolina (Duke Energy) Electric Service Bond Duke Energy Progress Apply Now
Ohio AEP In Lieu of Cash Deposit Bond American Electric Power Apply Now
Oklahoma Utility Service City of Edmond Apply Now
Oklahoma OG & E Utility Deposit Bond OG & E Electric Services Apply Now
Other United Illuminating Co. United Illuminating Co. Apply Now
Other Entergy Mississippi Entergy Mississippi, Inc. Apply Now
Other Reading, PA UGI Utilities Apply Now
Other Entergy Louisiana Entergy Louisiana, LLC Apply Now
Other Utility Service Guaranty Knoxville Utilities Board Apply Now
Other Indemnity Bond for Electric Service and/or Steam H Alabama Power Company Apply Now
Other Indemnity Bond For Electric Service MISSISSIPPI POWER COMPANY Apply Now
Other Utility Service Payment Bond Tucson Electric Power Company Apply Now
Other Utility Service Guaranty, Greystone Power Corporat GreyStone Power Corporation Apply Now
Other Utility Deposit Surety Duke Energy Apply Now
Other Utility Deposit Arizona Public Service Apply Now
Other Utility Deposit Bond Connecticut Natural Gas Corp Apply Now
Other Utility Deposit Bond Salt River Project Agricultural Improvement Apply Now
Other Utility Guarantee City of Statesville Apply Now
Other Utility Deposit Bond Volunteer Energy Cooperative Apply Now
Other Empire District Electric Utility Empire Electric Apply Now
Other Utility Deposit Bond Coffman Oil Company Apply Now
Other Utility Deposit EPB Electric Power Apply Now
Other Utility Deposit Bond Progress Energy Florida Apply Now
Other Utility Bond South Carolina Electric & Gas Apply Now
Other Utility Deposit Bond Duke Energy Attn: Deposit Desk Apply Now
Other Utility Deposit License Potomac Edison - Credit Dept Apply Now
Other Utility Deposit Progress Energy Carolinas Apply Now
Other Southwest Gas Corporation Utility Deposit Bond Southwest Gas Corporation Apply Now
Other Florida Power & Light Company- Utility Bond Florida Power and Light Company Apply Now
Other Southern Pine Electric Power Association: Bond For Southern Pine Electric Power Association Apply Now
Other Utility Deposit Hawaiian Electric Company Apply Now
Other Utility Deposit Southwest Gas Corporation Apply Now
Other Utility Deposit Paducah Power Systems Apply Now
Other Utility Deposit Bond Sevier County Electric System, TN Apply Now
Other Utility Deposit Bond CenterPoint Energy, Inc. Apply Now
Other Wholesale Agreement Bond Carter Energy Apply Now
Other Utility Payment (Surety) Bond National Grid Credit & Collections Dept. Apply Now
Other Utility Deposit Bond Pickwick Electric Cooperative Apply Now
Other Utility Deposit Bond Jackson Electric Membership Corporation Apply Now
Other Utility Services Bond ATMOS ENERGY Apply Now
Other Entergy Arkansas Utility Deposit Bond Entergy Arkansas, Inc. Apply Now
Pennsylvania Utility Deposit Bond (PECO Energy) PECO Energy Apply Now
South Carolina Commissioners of Public Works Greenwood, S.C. CPW Apply Now
South Carolina Utility Deposit SCE & G Apply Now
South Carolina Utility Deposit Bond SCE&G Apply Now
South Carolina Santee Cooper Deposit Bond Santee Cooper Apply Now
Tennessee Utility Deposit Bond Clarksville Department of Electricity Apply Now
Tennessee Electric Service Indemnity Bond (Electric Board of Electric Board of Chattanooga Apply Now
Tennessee Murfreesboro Electric Utility Deposit Bond Murfreesboro Electric Department Apply Now
Tennessee City of Cookeville Electric Dept. Utility Bond Cookeville Electric Dept. Apply Now
Tennessee Memphis Light, Gas & Water Div Indemnity Bond for Memphis Light, Gas & Water Division Apply Now
Tennessee Electric Service Furnished Bond (Davidson County, Nashville Electric Service Apply Now
Tennessee Utility Bond (Metro Water Services) Metro Water Services Apply Now
Texas Utility Deposit Bond City of Houston Apply Now
Texas Guaranty Bond City of Dallas Water Department Apply Now
Texas Atmos Energy Utility Deposit Bond Atmos Energy Corporation Apply Now
Texas Texas-New Mexico Power Company Utility Bond Texas New Mexico Power Company Apply Now
Texas Centerpoint Energy Utility Bond CenterPoint Energy Apply Now
Texas Utility Payment Bond (Chillicothe Municipal) City of Chillicothe-Chillicothe Municipal Utilitie Apply Now
Utah Utility Deposit Bond (In Lieu of Audit) Rocky Mountain Power Apply Now
Virginia Electric Services Bond Dominion Virginia Power Apply Now
Virginia Electric Services Bond Dominion North Carolina Power Apply Now
Virginia Dept. of Public Utilities, City of Richmond Utilit Richmond Public Utilities Apply Now
West Virginia In Lieu of Cash Deposit Bond (AEP) American Electric Power Apply Now
Wisconsin UTILITY GUARANTEE WE Energies Apply Now

Utility Bond Cost

The cost of your utility bond depends on the bond amount that your utility company requires. Usually, it’s calculated as a percentage of their services’ estimated costs for a certain period of time.

The actual price that you will need to pay is only a fraction of the bond amount. For standard market bonding, this means a premium between 1% and 5%.

The premium that each bond applicant must pay depends on a number of criteria. The surety will calculate your bond cost based on your business’s performance and overall financial health.

The most important factor is your credit score. The higher it is, the less risky your business appears. If you also can show sufficient proof of your liquidity and assets, you’re likely to be considered a solid applicant.

Besides improving your financial and business stats, choose your bond underwriter carefully to get the best deal. Here at Bryant Surety Bonds, we foster strong relations with multiple A-rated, T-listed surety companies. This gives us a competitive advantage because we can find the best bonding option for your specific case.

If you already know the bond amount required by your utility company, you can get an estimate of your bond cost by using our surety bond cost calculator in the right sidebar. You can also consult our surety bond cost page to see how the bond premium is calculated.

Bad Credit Utility Deposit Bond Program

Just like good credit can help you lower your bond premium, a bad credit history can make it more difficult to obtain your utility bond. The same goes if you have had tax liens, bankruptcies or civil judgments. However, there are ways to get bonded, even if your financial history isn’t perfect.

We operate our bad credit surety bond program, to help applicants with lower credit scores get bonded. If you qualify for this market, you will have to pay a higher bond premium, which could go up to 17% for the utility surety bond class. The higher rate mitigates the risk to the surety of bonding your business. This is a great chance for candidates with bad credit to obtain their utility bond and start running their business. At Bryant Surety Bonds, we will consider your specific situation and will offer you the best tailor-made solution for your needs.

How to Get Your Utility Deposit Bond

If you’re wondering how to start your bonding process, just apply online for a free, no-obligations quote that you can get within minutes.

Questions? If you need more information, call us at (866)-450-3412 to speak with our bonding experts.