CT Wallingford Electric utility deposit bonds.
2% of the bond amount.
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 the application collects no credit information.
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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 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 entire application.
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.
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 section in the application.
You need this bond if you're
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 section, because this application doesn't collect credit information.
Start the application →Common questions.
Other Connecticut bonds.
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.