CO Highline Electric deposit bonds.
2% of the bond amount.
Highline Electric Association, the member-owned rural electric cooperative serving northeastern Colorado from Holyoke, can require a security deposit from a new member with no payment history, a member with a record of late or unpaid bills, or an account being reconnected after disconnection for non-payment. Rather than tie up cash, a member 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 Highline. Here is the whole thing:
Apply online
Your details, your Highline Electric Association account or service address, and the deposit amount Highline 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 Highline
Submit the executed bond to Highline Electric Association 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 Highline Electric deposit bond actually covers
Highline Electric Association is a member-owned rural electric distribution cooperative headquartered in Holyoke, Colorado, with offices also in Sterling and Ovid, serving farms, ranches, and small towns across the northeastern corner of the state. Like most electric cooperatives, it can require a security deposit under its own rules and regulations — commonly from a new member with no established payment history, a member with a record of late or unpaid bills, or an account being reconnected after disconnection for non-payment.
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 Highline (the obligee). If the account goes unpaid, Highline 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.
Highline typically sizes a deposit or bond to a period of estimated usage at the service location, and the exact figure appears on your account notice. Confirm your required amount directly with Highline Electric Association 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 Highline 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 Highline set and file the same day.