Spire Alabama utility deposit bonds.
From $100. Enter your amount.
Instead of tying up cash as a security deposit with Spire Alabama (the natural gas utility regulated by the Alabama Public Service Commission), a customer opening or reinstating gas service can post a surety bond for the same amount. Spire's billing department sets the deposit figure — typically your estimated or highest recent monthly bill — 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 Spire Alabama. Here is the whole thing:
Apply online
Your account or business details, the deposit amount Spire set on your gas service notice, 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 Spire Alabama
Submit the executed bond to Spire's billing department 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
Spire Alabama is a natural gas utility — the successor to Alabama Gas Corporation ("Alagasco") — regulated by the Alabama Public Service Commission. Under the Commission's general rules for customer deposits, a gas utility may require a security deposit from a new, reinstated, or delinquent customer, capped at an estimated bill for roughly two regular billing periods. Rather than leave that cash sitting with Spire, its billing department accepts a surety bond 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 gas charges on your account. If the account goes unpaid and the deposit would have covered it, Spire can recover against the bond instead of drawing down a cash deposit.
It is not insurance for you — if the surety pays Spire, 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 on your Spire 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 Spire Alabama 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 Spire Alabama set and file the same day.