Black Hills Energy deposit bonds.
From $100.
Instead of tying up cash, Black Hills Energy will accept a surety bond to secure your natural gas account. New or higher-risk accounts — and larger commercial users such as restaurants or manufacturers — are asked for a deposit; a bond stands in for that cash. The premium is 2% of the bond amount, $100 minimum.
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How much does a Black Hills Energy deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No long underwriting queue for a utility deposit bond — enter your amount, pay, and deliver the executed bond to Black Hills Energy. Here is the whole thing:
Apply online
Your business or household details, the address where gas service is connected, the deposit amount Black Hills Energy required, and the effective date.
Issued
Most utility deposit bonds clear quickly; pricing is 2% of the bond amount, $100 minimum. Larger deposits may get a brief review.
Deliver to Black Hills Energy
Submit the executed bond to Black Hills Energy to satisfy the deposit and activate or keep your gas service. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually covers
When you open or keep a natural gas account, Black Hills Energy can ask certain customers — new accounts without an established payment history, or high-volume commercial users such as restaurants, campgrounds, or manufacturers — for a security deposit. A surety bond is an accepted alternative to a cash deposit: instead of leaving cash sitting with the utility, you post a bond that guarantees the same obligation.
The amount is the deposit Black Hills Energy sets for your account, generally tied to your estimated monthly usage and payment history at the serviced address. The bond stands behind your gas charges — if the account goes unpaid and is closed, Black Hills Energy can recover its loss against the bond, up to the bond amount.
It is not insurance for you — if the surety pays Black Hills Energy on an unpaid account, you repay the surety. Bonds remain in effect until the utility releases them and are renewable annually; the surety can end the bond by giving Black Hills Energy written notice, typically 30 days ahead. For a customer who would rather not park cash with the utility, a one-time premium starting at $100 is the cheaper way to satisfy the requirement.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
Deliver to Black Hills Energy. Submit the executed bond to Black Hills Energy to satisfy the deposit and activate or keep your gas service. Wet-ink originals mailed on request.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $15,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, then a quick check.
Submit the application with the service address and the deposit amount Black Hills Energy set. Approval is typically quick.
Start the application →Common questions.
Other Arkansas bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the cash deposit.
Premiums from $100. Enter the deposit Black Hills Energy set, see your exact price before you pay, and deliver the bond the same day.