Alabama Power utility deposit bonds.
From $100. Enter your amount.
Instead of tying up cash as a security deposit with Alabama Power Company, an applicant for electric service can post a surety bond for the same amount. Alabama Power sets the deposit figure — usually sized to your estimated or recent billing history — and the premium is 2% of the bond amount, $100 minimum; enter your amount in the calculator below for your exact price.
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Apply to filed in one sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and file with Alabama Power. Here is the whole thing:
Apply online
Your account or business details, the deposit amount Alabama Power set, and the effective date — that is the entire application.
Issued on the spot
Most applicants have the bond generated as soon as they pay, no waiting. The application collects no credit information; if a check ever runs on a larger amount, it is a soft pull that never touches your score.
File with Alabama Power
Submit the executed bond to Alabama Power in place of the cash deposit on your account. Wet-ink originals mailed whenever the utility insists.
What it is and who needs it.
What the utility deposit bond actually covers
When you apply for, reinstate, or hold an Alabama Power Company electric account, the company can require a security deposit — generally sized to your estimated usage or recent billing history, and higher after a history of late payment. Rather than leave that cash sitting with the utility, Alabama Power accepts a surety bond or an approved letter of credit for the same amount in place of the cash.
The bond is a payment guarantee in lieu of the cash deposit: it stands behind the electric charges on your account. If the account goes unpaid and the deposit would have covered it, Alabama Power can recover against the bond instead of drawing down a cash deposit.
It is not insurance for you — if the surety pays Alabama Power, you repay the surety. The advantage is cash flow: you pay a small premium — from $100 — rather than locking up the full deposit amount. Enter the figure Alabama Power set on your account notice and your exact price appears at the application.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount Alabama Power set — the executed bond is generated instantly, ready to file in lieu of the cash deposit.
Start the application →Common questions.
Other Alabama bonds.
Utility deposit bond, issued today.
Premiums from $100 — your exact price appears at the application. Enter the deposit Alabama Power set and file the same day.