GA utility deposit bonds.
From $100. Enter your amount.
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, the utility accepts a surety bond in place of the cash deposit. This is a private contractual requirement of the utility, not a state statute. Premiums cost 2% of the bond amount, $100 minimum, after a soft credit pull that never affects your score.
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Apply to filed in one sitting.
No long underwriting queue for the standard utility deposit bond — enter your amount, consent to a soft pull, and send it to the utility. Here is the whole thing:
Apply online
Your account details, the deposit amount Georgia Power requested, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most utility deposit bonds clear immediately after the soft pull — it never touches your score. 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, after a soft credit pull that never affects your score.
You need this bond if you are
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. The pull never affects your score, and your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other Georgia bonds.
Skip the cash deposit with one bond.
Premiums from $100, soft pull only. Enter the amount Georgia Power requested and send it in the same day.