Georgia utility deposit bonds.
From $100.
When Georgia Power, the successor by 2006 merger to Savannah Electric and Power Company, asks a customer for a security deposit to establish or maintain electric service in the Savannah territory, it accepts a surety bond in place of the cash deposit. Premiums cost 2% of the bond amount, $100 minimum.
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How much does a Georgia 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 and send it to the utility. Here is the whole thing:
Apply online
No credit check up to $15,000.
Approved
Most utility deposit bonds clear immediately. Larger deposit amounts may get a brief review.
Send it to the utility
Your executed bond arrives by email, ready to submit to Georgia Power in place of your cash security deposit so service can be established or continued.
What it is and who needs it.
What the utility deposit bond actually guarantees
When a new customer, or an existing account with a payment history, cannot satisfy Georgia Power’s creditworthiness standard, the utility asks for a security deposit before it will establish or continue electric service — historically the practice of Savannah Electric and Power Company, which merged into Georgia Power on July 1, 2006, and remains the same requirement in the former Savannah Electric territory today. A surety bond is an accepted substitute for that cash deposit.
The bond guarantees the utility gets paid: if the customer defaults on the bill, Georgia Power can claim against the bond for the unpaid balance up to the bond amount, rather than holding the customer’s cash. It frees up capital for a customer who would rather pay a small annual premium than tie up several months of deposit money.
This requirement is a private contractual term of Georgia Power’s tariff and account terms — not a Georgia statute, so there is no code section to cite. The deposit amount is set by the utility, typically based on estimated usage, and stated on your service notice or account correspondence. Enter that figure; premiums are priced at 2% of the bond amount, $100 minimum. 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
Send it to the utility. Your executed bond arrives by email, ready to submit to Georgia Power in place of your cash security deposit so service can be established or continued.
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.
These are the actual issuing fields. No credit check up to $15,000. 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 with one bond.
Premiums from $100, no credit check up to $15,000. Enter the amount Georgia Power requested and send it in the same day.