Jefferson Energy deposit bonds.
From $100.
Jefferson Energy Cooperative will accept a surety bond in place of the cash deposit it would otherwise require to start or continue electric, gas, or water service. The bond names Jefferson Energy Cooperative as obligee in the amount it sets for your account. Premiums cost 2% of the bond amount, $100 minimum.
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How much does a Jefferson Energy deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The Jefferson Energy 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:
Apply online
Your account details, the bond amount Jefferson Energy Cooperative set, and the effective date — that is the application.
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.
File with Jefferson Energy Cooperative
Send the executed bond to Jefferson Energy Cooperative's member services department so your cash-deposit requirement is released. Wet-ink originals mailed on request.
What it is and who needs it.
What the Jefferson Energy deposit bond actually does
Jefferson Energy Cooperative is a member-owned, nonprofit electric cooperative serving eleven counties of the Central Savannah River Area, with gas and water service in parts of its territory. Georgia's electric membership corporations are organized under the Electric Membership Corporation Act (O.C.G.A. Title 46, Chapter 3, Article 4) but set their own member deposit and security policy — Jefferson Energy's own Service Rules and Regulations govern the deposit a new or reinstated member may be asked to post.
Rather than compel a member to leave a cash security deposit on file, Jefferson Energy Cooperative will accept a surety bond in the same amount instead. It is a three-party arrangement: you (the principal), the surety carrier, and Jefferson Energy Cooperative (the obligee). If the account goes unpaid, the cooperative can claim against the bond up to the stated amount; if the surety pays, you repay the surety — the bond is not insurance for you.
The deposit figure itself is set by the cooperative for your specific account, generally based on payment history and estimated usage — there is no single statewide statutory number. Enter the bond amount Jefferson Energy Cooperative quoted you; we price the bond at 2% of that amount, $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
File with Jefferson Energy Cooperative. Send the executed bond to Jefferson Energy Cooperative's member services department so your cash-deposit requirement is released. Wet-ink originals mailed on request.
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.
Priced at the application.
Submit the application with the bond amount Jefferson Energy Cooperative set for your account — the premium is 2% of that amount, $100 minimum, and the executed bond is ready to send to the cooperative the same day.
Start the application →Common questions.
Other Georgia bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the Jefferson Energy cash deposit with one bond.
2% of the bond amount, $100 minimum. Enter the amount the cooperative set and see your exact price.