East Point Power utility deposit bonds.
2% of the bond amount.
East Point Power, the City of East Point's municipal electric utility in Fulton County, will accept a surety bond in place of a cash security deposit before starting or continuing service. East Point Power sets the required amount for each account. Premiums cost 2% of the bond amount, $100 minimum; 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 submit to East Point Power. Here is the whole thing:
Apply online
Your account details, the service location, the deposit amount East Point Power quoted, and the effective date — that is the entire application.
Approved
The application collects no credit information, and most applications approve instantly. Larger amounts may get a brief review — if a check ever runs, it is a soft pull that will not touch your score.
Submit to East Point Power
Submit the executed bond to East Point Power in place of your cash deposit so service can start or continue. Wet-ink originals mailed whenever the utility insists.
What it is and who needs it.
What the utility deposit bond actually guarantees
East Point Power is the City of East Point's own municipal electric utility, not an investor-owned utility regulated by the Georgia Public Service Commission. Like many municipal utilities, it can require a new or higher-risk account to secure service with either a cash deposit or a surety bond of equal value, under its own billing and collections rules rather than a state statute.
It is a three-party arrangement: you (the principal), the surety carrier, and East Point Power (the obligee). If you fail to pay your electric bill, East Point Power can claim against the bond up to its face amount; if the surety pays, you repay the surety. It substitutes for cash the utility would otherwise hold, not insurance for you.
East Point Power's billing office sets the amount for each account based on estimated usage. A bond frees up the cash a deposit would tie up; enter the figure on your East Point Power notice and we price it from a $100 minimum with no credit information collected.
You need this bond if you are
One application, issued instantly.
Submit the application with the deposit amount East Point Power quoted. The application collects no credit information, and your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other Georgia bonds.
Skip the cash deposit.
2% of the bond amount, $100 minimum. No credit information collected. Apply and submit to East Point Power the same day.