Walton EMC utility deposit bonds.
2% of the bond amount.
Walton Electric Membership Corporation, a member-owned electric cooperative serving Walton, Gwinnett, Newton, Rockdale, and neighboring Georgia counties, will accept a surety bond in place of a cash security deposit from a commercial account before turning on service. Walton EMC sets the required amount — typically twice the location's expected average monthly bill. Premiums cost 2% of the bond amount, $100 minimum; the application collects no credit information.
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Apply to filed in one sitting.
No long underwriting queue for the standard utility deposit bond — enter your amount, pay, and submit to Walton EMC. Here is the whole thing:
Apply online
Your account details, the service address, the deposit amount Walton EMC quoted, and the effective date — that is the entire application.
Approved
The application collects no credit information, and most applications approve instantly. Larger amounts may get a brief review — if a check ever runs, it is a soft pull that will not touch your score.
Submit to Walton EMC
Submit the executed bond to Walton EMC in place of your cash deposit so service can start or continue. Wet-ink originals mailed whenever the cooperative insists.
What it is and who needs it.
What the utility deposit bond actually guarantees
Walton Electric Membership Corporation is a member-owned electric cooperative. Like most Georgia EMCs, it can require a new or delinquent commercial account to secure service with either a cash deposit or a surety bond of equal value, at Walton EMC's own tariff-level discretion rather than a state statute.
It is a three-party arrangement: you (the principal), the surety carrier, and Walton EMC (the obligee). If you fail to pay your electric bill, Walton EMC can claim against the bond up to its face amount; if the surety pays, you repay the surety. It substitutes for cash the cooperative would otherwise hold, not insurance for you.
Walton EMC sets the amount — commonly twice the location's estimated average monthly bill, with new-construction accounts sized from projected usage. A bond frees up the cash a deposit would tie up; enter the figure on your Walton EMC notice and we price it from a $100 minimum with no credit information collected.
You need this bond if you are
One application, issued instantly.
Submit the application with the deposit amount Walton EMC quoted. The application collects no credit information, and your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other Georgia bonds.
Skip the cash deposit.
2% of the bond amount, $100 minimum. No credit information collected. Apply and submit to Walton EMC the same day.