Georgia Power deposit bonds.
From $100.
Georgia Power Company will accept a surety bond in place of the cash security deposit it can require of an account with no payment history, unsatisfactory credit, or a history of delinquency. The bond names Georgia Power as obligee in the amount it sets for your account. Premiums cost 2% of the bond amount plus a $25 fee, $100 minimum.
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How much does a Georgia Power deposit bond cost?
2% of the bond amount plus a $25 fee, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The Georgia Power deposit bond has no long underwriting queue for the standard amount — enter your figure, apply, and we mail the executed bond so you can file it with the utility. Here is the whole thing:
Apply online
Your account details, the bond amount Georgia Power set, the effective date, and the mailing address for the executed original — that is the application. No credit check up to $15,000.
Priced and issued
The premium is 2% of the bond amount plus a $25 fee, $100 minimum, and the bond is generated as soon as you pay. Larger amounts may get a brief review.
Sign and file with Georgia Power
The original bond is mailed to the address you provide. Sign as principal, then file it with Georgia Power to satisfy the deposit requirement.
What it is and who needs it.
What the Georgia Power deposit bond actually does
Georgia Power Company, the investor-owned electric utility serving most of the state, can require a security deposit from a new or existing account with no payment history, unsatisfactory credit, or a history of delinquency with Georgia Power or another utility. Rather than tie up cash, the company will accept a surety bond in the same amount instead.
It is a three-party arrangement: you (the principal), the surety carrier, and Georgia Power Company (the obligee). The bond stands behind your account for electric service up to the amount stated on the bond. If the account goes unpaid, Georgia Power can claim against the bond; if the surety pays, you repay the surety — it is not insurance for you.
Georgia Power sets the required deposit amount per account, typically weighing your credit assessment and payment history. There is no single statutory figure. Because Georgia Power requires an original signed bond on file, the executed document is mailed to the address you provide rather than delivered only by email. Enter the amount the utility quoted; we price the bond at 2% of that amount plus a $25 fee, $100 minimum, and 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
Sign and file with Georgia Power. The original bond is mailed to the address you provide. Sign as principal, then file it with Georgia Power to satisfy the deposit requirement.
What sets the price
The premium is 2% of the bond amount plus a $25 fee, $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.
Priced at the application.
Submit the application with the bond amount Georgia Power set for your account and the mailing address for the original — the premium is 2% of that amount plus a $25 fee, $100 minimum.
Start the application →Common questions.
Other Georgia bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the Georgia Power cash deposit with one bond.
2% of the bond amount plus a $25 fee, $100 minimum. Enter the amount the utility set and see your exact price.