East Point Power utility deposit bonds.
From $100.
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; no credit check up to $15,000.
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How much does an East Point Power 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 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 application.
Approved
No credit check up to $15,000, and most applications approve instantly. Larger amounts may get a brief review.
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 check up to $15,000.
You need this bond if you are
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
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 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 instantly.
Submit the application with the deposit amount East Point Power quoted. No credit check up to $15,000, and your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other Georgia bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the cash deposit.
2% of the bond amount, $100 minimum. No credit check up to $15,000. Apply and submit to East Point Power the same day.