TEP utility deposit bonds.
From $100. Keep your cash.
When Tucson Electric Power (TEP) asks a customer to post a deposit to establish or maintain electric service in southern Arizona, you can post a surety bond instead of tying up cash. Pricing is 2% of the bond amount, $100 minimum, and the application collects no credit information. Enter the deposit amount TEP set on your account and your exact price appears at the application.
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Apply to filed in one sitting.
No underwriting queue for the standard deposit bond — enter your amount, pay, and file with TEP. Here is the whole thing:
Apply online
Your account details, the deposit amount TEP required, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information, and most applications approve and issue instantly on payment. Larger amounts may get a quick review; if a check ever runs, it is a soft pull that will not touch your score.
File with TEP
Submit the executed bond to Tucson Electric Power in place of your cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the deposit bond actually does
Tucson Electric Power (TEP) — the electric public service corporation serving Tucson and much of southern Arizona, regulated by the Arizona Corporation Commission (ACC) — can require a deposit before it establishes or continues service, especially for a commercial account or one without an established payment history. Under Arizona Administrative Code R14-2-403, the ACC caps how large that deposit can be: for a residential account, not more than roughly twice the average residential-class bill, and for a nonresidential account, not more than about 2.5 times the customer's estimated maximum monthly bill.
Rather than leave that cash sitting with the utility, TEP accepts a surety bond as an alternative to the cash deposit under its own filed tariff. You post a bond for the deposit amount and pay a premium instead; the bond guarantees payment of your TEP charges up to the bonded amount — if the account goes unpaid, TEP can recover against the bond rather than the cash it would otherwise hold.
It is not insurance for you — if the surety pays TEP, you repay the surety. The advantage is cash flow: you keep the deposit amount working in your business. Enter the deposit amount TEP set on your account and get your price, from a $100 minimum, at the application.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount TEP required — the executed bond is generated instantly, ready to file in place of cash.
Start the application →Common questions.
Other Arizona bonds.
Keep your deposit working.
Pricing from $100. Post a bond instead of cash with TEP the same day.