Illinois ComEd utility deposit bonds.
From $100.
When Commonwealth Edison (ComEd) asks a new or higher-risk customer for a security deposit before turning on electric service, a surety bond stands in for that cash — ComEd holds the bond instead of your money. Premiums cost 2% of the bond amount, $100 minimum, and no credit check up to $15,000.
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How much does an Illinois ComEd 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 underwriting queue for the standard utility deposit bond — enter your amount, pay, and send the bond to ComEd. Here is the whole thing:
Apply online
Your account details, the deposit amount on your ComEd notice, and the effective date — that is the application.
Issued on the spot
No credit check up to $15,000, so most utility deposit bonds this size generate the moment you pay. No credit check up to $15,000.
Submit to ComEd
Send the executed bond to ComEd in place of the cash deposit on your account. Wet-ink original mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
Illinois Commerce Commission rules governing gas, electric, water, and sewer utilities — 83 Ill. Adm. Code 280 — let a regulated utility like ComEd require a new or higher-risk customer to post a security deposit before connecting or continuing service. Under Section 280.40, a residential or small-business deposit is capped at ⅙ of the customer's estimated annual charges, and a non-residential (other-than-small-business) deposit is capped at ⅓ of estimated annual charges.
Rather than tie up that cash with ComEd for the life of the account, a customer can post a surety bond for the same amount instead — a practice ComEd accepts as a matter of its own account policy, not something Part 280 itself spells out. The bond guarantees the customer's utility bill up to the bond amount; if the account goes unpaid, ComEd can make a claim against the bond, and the customer repays the surety for anything paid out.
This bond is not insurance for the customer — it protects ComEd's right to be paid. We issue whatever deposit amount ComEd's notice specifies, priced from a $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
Submit to ComEd. Send the executed bond to ComEd in place of the cash deposit on your account. Wet-ink original 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.
One application, issued on the spot.
Submit the application with the deposit amount ComEd's notice specified — the executed bond is generated instantly, ready to send to ComEd.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the cash deposit.
2% of the bond amount, $100 minimum, and no credit check up to $15,000. Enter the deposit ComEd required and send it in today.