Colorado PSCo utility deposit bonds.
From $100.
Public Service Company of Colorado, the Xcel Energy operating company, can require a security deposit from customers it considers credit risks, capped under 4 CCR 723-3, Rule 3403 at an estimated 90 days' bill. Customers can post a surety bond instead of cash. Premiums cost 2% of the bond amount, $100 minimum.
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How much does a Colorado PSCo utility 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 the standard utility deposit bond — enter your amount, pay, and file with PSCo. Here is the whole thing:
Apply online
Your details, the PSCo account or service location, and the deposit amount PSCo set on your notice — that is the application.
Issued
No credit check up to $15,000. Larger amounts may get a brief review.
File with PSCo
Submit the executed bond to Public Service Company of Colorado 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 PSCo utility deposit bond actually covers
Public Service Company of Colorado is the Xcel Energy operating company that provides electric and natural gas service across most of the state's Front Range and beyond. As a Colorado Public Utilities Commission-regulated investor-owned utility, PSCo can require a security deposit from an applicant or existing customer it considers a credit risk.
Colorado's electric utility rules, 4 CCR 723-3, Rule 3403, cap the total deposit a regulated utility may hold at any one time at an amount equal to an estimated 90 days' bill for most customers (an estimated 60 days' bill for customers billed in advance of service). Instead of tying up that cash, PSCo lets customers satisfy the requirement with a surety bond in the same amount.
The bond is a three-party arrangement: you (the principal), the surety, and PSCo (the obligee). If the account goes unpaid, PSCo can claim against the bond, and you then owe the surety for whatever it pays out — it is a guarantee, not insurance for you. Confirm your exact required deposit amount on your PSCo account notice before applying. Premiums are priced at 2% of the bond amount, $100 minimum, and no credit check up to $15,000.
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
File with PSCo. Submit the executed bond to Public Service Company of Colorado to satisfy the deposit requirement and keep or restore 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, no credit check up to $15,000.
Submit the application with the deposit amount PSCo set on your notice. No credit check up to $15,000. Larger amounts may get a brief review, usually resolved quickly.
Start the application →Common questions.
Other Colorado bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Keep your service on without tying up cash.
Premiums from $100. Enter the deposit amount PSCo set and file the same day.