CT Eversource utility deposit bonds.
2% of the bond amount.

When Eversource Energy asks a Connecticut customer for a security deposit before turning on electric or gas service, most account holders can post a surety bond instead of tying up cash. Eversource sets the required amount; our premium runs 2% of the bond amount, $100 minimum, and the application collects no credit information — your exact price appears before you pay.

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Accepted by Eversource Energy in place of a cash security deposit on your electric or gas account

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Amount is set by Eversource — typically tied to your estimated bill for the property

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From $100, no credit section in the application — enter the amount on your Eversource deposit notice

2% rate$100 minimumSoft pull onlynever a hard inquiryFastinstant underwriting for most

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How it works

Apply to filed in one sitting.

No long underwriting queue for a standard utility deposit bond — enter your amount, pay, and send the bond to Eversource. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business or account details, the service address, the deposit amount Eversource required, and the effective date — that is the entire application.

INSTANTLY

Issued on the spot

The application collects no credit information, so most utility deposit bonds generate the moment you pay. Larger amounts may get a quick soft-pull review that never affects your score.

SAME DAY

Send it to Eversource

Your executed bond arrives by email, ready to submit to Eversource in place of the cash deposit it requested. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the utility deposit bond does

Connecticut utility companies, including Eversource Energy, can require a new or higher-risk customer to post a security deposit before starting electric or gas service. State regulation caps how large a deposit a company may demand of a residential customer, but most utilities — Eversource among them — let a customer satisfy that requirement with a surety bond instead of cash, so the money stays in your business rather than sitting with the company.

It's a three-party arrangement: you (the principal), the surety carrier, and Eversource (the obligee). If your account goes unpaid, Eversource can draw against the bond up to its face amount to cover the shortfall — it is not insurance for you; if the surety pays a claim, you repay the surety.

Eversource sets the deposit amount itself, generally tied to your estimated usage at the service address — we do not set or cap it. Confirm the figure on your deposit notice or new-service paperwork and enter it here; we price the bond at 2% of that amount, $100 minimum, with no credit section in the application.

Eversource Energy deposit policyEversource Energy's security-deposit policy for electric and gas accounts is filed as part of its Connecticut Public Utilities Regulatory Authority (PURA)-approved tariff and lets a customer post a surety bond as an alternative to a cash deposit. Eversource — not Light RFP — determines whether a deposit is required and sets the amount; confirm your required figure on the notice Eversource sent you before applying.

You need this bond if you're

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A new Eversource customer asked to post a deposit before service starts

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A business account Eversource has flagged for a deposit based on payment history or credit standing

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Reinstating service after a disconnection that triggered a new deposit requirement

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Preferring not to tie up cash with the utility for the life of the account

One application, issued on the spot.

Submit the application with the deposit amount Eversource required — the executed bond is generated instantly, ready to send to the utility. No credit section, because this application doesn't collect credit information.

Start the application →

FAQ

Common questions.

What amount should I enter?The deposit amount Eversource specified on your notice or new-service paperwork — Eversource sets that figure, not us. If you're unsure, your Eversource account representative can confirm it.

What does the bond guarantee?It guarantees your Eversource account balance up to the bond amount. If your account goes unpaid, Eversource can claim against the bond for the shortfall, and you repay the surety for any amount it pays out. It stands in for the cash deposit Eversource would otherwise hold.

Do I pay the full bond amount?No. The bond amount is Eversource's maximum recovery if a valid claim is made — not a deposit you hand over. You pay the premium: 2% of that amount, $100 minimum.

Is there a credit check?The application collects no credit information, so most applicants approve instantly. If a check ever runs on a larger amount, it's a soft pull that won't affect your score.

Where do I file it?Send the executed bond directly to Eversource Energy in place of the cash deposit it requested — we deliver it ready to submit, and Eversource applies it to your account.

Related bonds

Other Connecticut bonds.

Skip the cash deposit with Eversource.

2% of the bond amount, $100 minimum. Enter the figure Eversource set and send the bond the same day.

Start application

Your premiumfrom $100

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