CO PSCo utility deposit bonds.
2% of the bond amount.
Public Service Company of Colorado — the Xcel Energy operating company that serves electric and natural gas customers across the state — can require a security deposit from customers it considers credit risks, capped under Colorado's electric utility deposit rules (4 CCR 723-3, Rule 3403) at no more than an estimated 90 days' bill. Rather than tie up that cash, customers 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 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 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 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 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 PSCo 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 service on without tying up cash.
Premiums from $100. Enter the deposit amount PSCo set and file the same day.