GreyStone Power deposit bonds.
2% of the bond amount. Enter your amount.

GreyStone Power Corporation, the member-owned cooperative serving Douglas, Paulding, and surrounding west Georgia counties, will accept a surety bond in place of the cash deposit it would otherwise require to start or continue electric service. The bond names GreyStone Power as obligee in the amount it sets for your account, referenced there by your member account number. Premiums cost 2% of the bond amount, $100 minimum, and the application collects no credit information — enter your bond amount to see your exact price.

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Accepted by GreyStone Power Corporation in place of a cash deposit for electric membership service

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Bond amount is set by GreyStone Power for your account — there is no fixed statutory figure

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2% of the bond amount, $100 minimum — enter your amount to see your exact price

2%of the bond amount, $100 minimumNo credit fieldsin the applicationFastinstant underwriting for most amounts

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How it works

Apply to filed in one sitting.

The GreyStone Power deposit bond has no long underwriting queue for the standard amount — enter your figure, apply, and send the executed bond to the cooperative. Here is the whole thing:

TODAY · ONLINE

Apply online

Your account details, your GreyStone Power member account number, the bond amount the cooperative set, and the effective date — that is the entire application. No credit fields.

INSTANTLY, USUALLY

Priced and issued

The premium is 2% of the bond amount, $100 minimum, and the executed bond is generated as soon as you pay. Larger amounts may get a brief review — if a check ever runs, it is a soft pull that will not affect your score.

SAME DAY

File with GreyStone Power

Send the executed bond to GreyStone Power Corporation, referencing your member account number, so your cash-deposit requirement is released. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the GreyStone Power deposit bond actually does

GreyStone Power Corporation is a member-owned, nonprofit electric cooperative serving Douglas, Paulding, and neighboring west Georgia counties. Rather than compel a member to leave a cash security deposit on file before starting or continuing electric service, the cooperative will accept a surety bond in the same amount instead.

It is a three-party arrangement: you (the principal), the surety carrier, and GreyStone Power (the obligee). The bond stands behind your member account, identified by its account number, for electric service up to the amount stated on the bond. If the account goes unpaid, the cooperative can claim against the bond; if the surety pays, you repay the surety — it is not insurance for you.

GreyStone Power sets the required amount for each account, typically weighing your payment history and the service address. There is no single statutory figure. Enter the amount the cooperative quoted; we price the bond at 2% of that amount, $100 minimum, and the application collects no credit information.

GreyStone Power Corporation — deposit-in-lieu bondGreyStone Power Corporation will accept a surety bond in lieu of the cash deposit it could otherwise require as a condition of furnishing electric service. The bond names GreyStone Power as obligee, referenced to the member's account number, in an amount the cooperative sets for the account. This is the cooperative's own contractual security requirement, not a Georgia statute mandating the bond itself. Confirm your required bond amount with GreyStone Power member services before filing.

You need this bond if you are

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A GreyStone Power member starting electric service who wants to avoid a large cash deposit

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An existing member the cooperative has asked to secure the account after a payment history review

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A business or landlord preserving working capital rather than leaving cash on deposit with the cooperative

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Renewing or replacing an existing GreyStone Power deposit bond as your account's required amount changes

Priced at the application.

Submit the application with your member account number and the bond amount GreyStone Power set — the premium is 2% of that amount, $100 minimum, and the executed bond is ready to send the same day.

Start the application →

FAQ

Common questions.

How much is the GreyStone Power utility deposit bond?The premium is priced by your bond amount, not a credit or underwriting tier — 2% of the bond amount, $100 minimum. The amount itself is set by GreyStone Power to replace the cash deposit it would otherwise require. Your exact price appears in the on-page calculator.

What amount should I enter?Enter the deposit amount GreyStone Power quoted your account. There is no single statutory figure — the cooperative sets it per account, and payment history can affect the figure it requires.

What does the bond guarantee?It guarantees GreyStone Power will be paid for electric service if your account goes unpaid, up to the bond amount. If the cooperative claims against the bond and the surety pays, you repay the surety — the bond is not insurance for you, it secures the cooperative.

Is there a credit check?The application collects no credit information. Most applications approve instantly; if a check ever runs on a larger bond amount, it is a soft pull that will not affect your score.

Do I need my member account number to apply?Yes — GreyStone Power's own bond form references the member account number, so have it on hand when you apply. You'll find it on a recent bill or deposit notice from the cooperative.

Related bonds

Other Georgia bonds.

Skip the GreyStone Power cash deposit with one bond.

2% of the bond amount, $100 minimum. Enter the amount the cooperative set and see your exact price.

Start application

Your premiumfrom $100

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