NIPSCO gas deposit bonds.
From $100. Enter your amount.
Instead of tying up cash as a security deposit with Northern Indiana Public Service Company LLC (NIPSCO), a customer charged a deposit for natural gas service can post a surety bond for the same figure. NIPSCO sets the deposit amount on your account, subject to the deposit cap in 170 IAC 5-1-15; the premium is 2% of the bond amount, $100 minimum. Enter your amount in the calculator below for your exact price.
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Apply to filed in one sitting.
No underwriting queue for the standard deposit bond — enter your amount, pay, and file with NIPSCO. Here is the whole thing:
Apply online
Your name or business, the service location, the deposit amount NIPSCO set, and the effective date — that is the entire application.
Approved
The application collects no credit information, and most deposit bonds approve quickly. Larger amounts may get a brief review; if a check ever runs, it is a soft pull that will not touch your score.
File with NIPSCO
Submit the executed bond to NIPSCO in place of the cash deposit on your account. Wet-ink originals mailed whenever the utility insists.
What it is and who needs it.
What the utility deposit bond actually covers
Northern Indiana Public Service Company LLC (NIPSCO) is one of Indiana's largest natural gas utilities, regulated by the Indiana Utility Regulatory Commission (IURC). Like other IURC-regulated gas utilities, NIPSCO can require a customer to post a security deposit before starting or continuing service, most often for a new business account, an account with high projected usage, or one with a history of late payment. Under 170 IAC 5-1-15 — the gas-utility counterpart of the electric-utility deposit rule — a required deposit is capped and the utility must give written notice of the basis for it.
Rather than leave that cash sitting with the utility, NIPSCO allows a customer to post a surety bond for the same amount in lieu of a cash deposit. The bond is a payment guarantee: it stands behind the charges on your gas account, and if the account goes unpaid, NIPSCO can recover against the bond instead of drawing down a cash deposit.
It is not insurance for you — if the surety pays NIPSCO, you repay the surety. The advantage is cash flow: you pay a small premium, 2% of the bond amount with a $100 minimum, rather than locking up the full deposit figure for the life of the account. Enter the amount NIPSCO set and your exact price appears at the application.
You need this bond if you are
One application, then a quick review.
Submit the application with the deposit amount NIPSCO set. Most clear quickly; larger amounts may get a brief underwriter review, usually within 48 hours.
Start the application →Common questions.
Other Indiana bonds.
NIPSCO gas deposit bond, issued today.
Premiums from $100, priced at 2% of the bond amount. Enter your required figure and file with NIPSCO the same day.