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

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.