MidAmerican Energy deposit bonds.
2% of the bond amount.
MidAmerican Energy Company — the Des Moines-based combination electric and gas utility regulated by the Iowa Utilities Board — may require a customer to post a deposit guaranteeing payment on a new or reinstated account. Under the Board's customer-deposit rules (Iowa Admin. Code r. 199-19.4(3) for gas accounts, and the parallel r. 199-20.4(3) for electric accounts), the utility may accept the written guarantee of a surety in place of a cash deposit. Premiums cost 2% of the bond amount, $100 minimum, and 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 file with MidAmerican Energy. Here is the whole thing:
Apply online
Your account details, the service location, the deposit amount MidAmerican Energy set, and the effective date — that is the entire application.
Issued on the spot
No credit fields in the application and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review; if a check ever runs, it is a soft pull that will not touch your score.
File with MidAmerican Energy
Submit the executed bond to satisfy the utility's deposit requirement in place of cash. Wet-ink originals mailed whenever the office insists.
What it is and who needs it.
What the utility deposit bond actually covers
MidAmerican Energy Company is a Des Moines-based combination electric and gas utility regulated by the Iowa Utilities Board under Iowa Code chapter 476. Like other rate-regulated utilities, MidAmerican may ask a customer to guarantee payment on a new, previously delinquent, or higher-usage account with a deposit.
The Board's customer relations rules — Iowa Admin. Code r. 199-19.4(3) for gas service, and the parallel r. 199-20.4(3) for electric service — let the utility accept "the written guarantee of a surety or other responsible party as surety for an account" in place of that cash deposit. Each rule also caps the deposit itself: for an account that previously received service, no more than the highest one-month billing over the prior 12 months; for a new account, the customer's projected one-month usage as the utility determines it.
The bond guarantees that MidAmerican recovers unpaid charges if you fall behind — it is not insurance for you; if the surety pays a claim, you repay the surety. Enter the deposit figure the utility set; we price the bond at 2% of that amount, $100 minimum, and the application collects no credit information.
You need this bond if you are
One application, issued instantly.
Submit the application with the deposit amount MidAmerican Energy set — the executed bond is generated instantly, ready to file with the utility.
Start the application →Common questions.
Other Iowa bonds.
Keep your cash. Post the bond instead.
The bond issues the moment you pay — at most a soft pull on larger amounts, never a hard inquiry. Enter the deposit figure MidAmerican set and file the same day.