Connecticut Wallingford Electric utility deposit bonds.
From $100.
When the Town of Wallingford's Electric Division (Department of Public Utilities) asks a customer for a security deposit before starting electric service, you can post a surety bond instead of cash. The Division sets the required amount; our premium runs 2% of the bond amount, $100 minimum, and no credit check up to $15,000.
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How much does a Connecticut Wallingford Electric 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 a standard utility deposit bond — enter your amount, pay, and send the bond to the Electric Division. Here is the whole thing:
Apply online
Your business or account details, the service address, the deposit amount the Electric Division required, and the effective date — that is the application.
Issued on the spot
No credit check up to $15,000, so most utility deposit bonds generate the moment you pay. No credit check up to $15,000.
Send it to the Electric Division
Your executed bond arrives by email, ready to submit to the Wallingford Electric Division in place of the cash deposit it requested. Wet-ink original mailed on request.
What it is and who needs it.
What the utility deposit bond does
The Town of Wallingford Electric Division — the municipal electric utility that serves Wallingford, run under the Town's Department of Public Utilities — can require a new or higher-risk customer to post a security deposit before starting service. As with other Connecticut utilities, a customer can typically satisfy that requirement with a surety bond instead of cash, so the money stays available to your business rather than sitting with the Division.
It's a three-party arrangement: you (the principal), the surety carrier, and the Wallingford Electric Division (the obligee). If your account goes unpaid, the Division 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.
The Electric Division 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 check up to $15,000.
You need this bond if you're
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
Issued on the spot. No credit check up to $15,000, so most utility deposit bonds generate the moment you pay. No credit check up to $15,000.
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, issued on the spot.
Submit the application with the deposit amount the Electric Division required — the executed bond is generated instantly, ready to send to the utility. No credit check up to $15,000.
Start the application →Common questions.
Other Connecticut bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the cash deposit with Wallingford Electric.
2% of the bond amount, $100 minimum. Enter the figure the Electric Division set and send the bond the same day.