Midwest Energy deposit bonds.
From $100.
Instead of tying up cash as a security deposit with Midwest Energy, Inc., the member-owned electric and natural-gas cooperative in central and western Kansas, an applicant for service can post a surety bond for the same amount. Midwest Energy sets the deposit figure, and the premium is 2% of the bond amount, $100 minimum.
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How much does a Midwest Energy 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 file with Midwest Energy. Here is the whole thing:
Apply online
Your account or business details, the service address, and the deposit amount Midwest Energy set — that is the application.
Issued on the spot
Most applicants have the bond generated as soon as they pay, no waiting. No credit check up to $15,000. Above $15,000, a soft pull may add a short review.
File with Midwest Energy
Submit the executed bond to Midwest Energy in place of the cash deposit on your account. Wet-ink originals mailed whenever the cooperative insists.
What it is and who needs it.
What the utility deposit bond actually covers
Midwest Energy, Inc. is a member-owned electric and natural-gas cooperative headquartered in Hays, Kansas, serving communities across central and western Kansas. Like other Kansas utilities, it can require a security deposit from a new member-customer, a customer without an established payment history, or an account being reinstated — generally sized to estimated or historical usage and set under the cooperative's own service rules. Rather than leave that cash sitting with the cooperative, Midwest Energy accepts a surety bond for the same amount in place of the cash.
The bond is a payment guarantee in lieu of the cash deposit: it stands behind the electric or gas charges on your account. If the account goes unpaid and the deposit would have covered it, Midwest Energy can recover against the bond instead of drawing down a cash deposit.
It is not insurance for you — if the surety pays Midwest Energy, you repay the surety. The advantage is cash flow: you pay a small premium — from $100 — rather than locking up the full deposit amount. Enter the figure Midwest Energy set on your account notice for your exact price.
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
File with Midwest Energy. Submit the executed bond to Midwest Energy in place of the cash deposit on your account. Wet-ink originals mailed whenever the cooperative insists.
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 Midwest Energy set — the executed bond is generated instantly, ready to file in lieu of the cash deposit.
Start the application →Common questions.
Other Kansas bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Midwest Energy deposit bond, issued today.
Premiums from $100 — your exact price appears at the application. Enter the deposit Midwest Energy set and file the same day.