CO CORE Electric deposit bonds.
2% of the bond amount.
CORE Electric Cooperative can require a security deposit from a new member with no payment history, a member with a delinquent payment in the past 12 months, an account disconnected for non-payment, or usage running well above the property's history. Rather than tie up cash, members can post a surety bond instead. Premiums cost 2% of the bond amount, $100 minimum, and the application collects no credit information.
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Apply to filed in one sitting.
No long underwriting queue for the standard utility deposit bond — enter your amount, pay, and file with CORE. Here is the whole thing:
Apply online
Your details, the CORE Electric Cooperative account or service location, and the deposit amount CORE set on your notice — that is the entire application.
Issued
The application collects no credit information, and most applications approve quickly. Larger amounts may get a brief review; if a check ever runs, it is a soft pull that will not touch your score.
File with CORE
Submit the executed bond to CORE Electric Cooperative to satisfy the deposit requirement and keep or restore service. Wet-ink originals mailed on request.
What it is and who needs it.
What the CORE Electric deposit bond actually covers
CORE Electric Cooperative — the electric distribution cooperative serving members across the Denver-metro foothills and eastern-plains service territory — can require a security deposit under its own rates and regulations when a member is new (no payment history with CORE), has had one or more delinquent payments in the past 12 months, has had service disconnected for non-payment, or is using more than 100% of the property's historical consumption.
Instead of posting cash, a member can satisfy that requirement with a surety bond guaranteeing payment for the electric service billed. The bond is a three-party arrangement: you (the principal), the surety, and CORE (the obligee). If the account goes unpaid, CORE can claim against the bond, and you then owe the surety for whatever it pays out — the bond is a guarantee, not insurance for you.
CORE typically sizes a deposit or bond to a period of estimated usage at the service location; the exact figure appears on your account notice. Confirm your required amount directly with CORE Electric Cooperative before applying. Premiums are priced at 2% of the bond amount, $100 minimum, and the application collects no credit information.
You need this bond if you are
One application, then a quick review.
Submit the application with the deposit amount CORE set on your notice. The application collects no credit information; larger amounts may get a brief review, usually resolved quickly.
Start the application →Common questions.
Other Colorado bonds.
Keep your power on without tying up cash.
Premiums from $100. Enter the deposit amount CORE set and file the same day.