Prairie Land Electric deposit bonds.
2% of the bond amount.
Prairie Land Electric Cooperative, Inc. — the member-owned, not-for-profit cooperative serving nearly 14,000 members across 18 Northern Kansas counties — can require a new or existing member to post a security deposit to guarantee payment of electric bills. Under the Cooperative's own Rules and Regulations, Section 3, a non-residential member may post a surety bond instead of tying up cash. 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 the Cooperative. Here is the whole thing:
Apply online
Your business details, the service address, the deposit amount Prairie Land Electric Cooperative set, and the effective date — that is the entire application.
Issued
The application collects no credit information, and most applications approve instantly. Pricing is 2% of the bond amount, $100 minimum.
File with the Cooperative
Submit the executed bond to Prairie Land Electric Cooperative to satisfy the deposit requirement on your account. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually covers
Prairie Land Electric Cooperative, Inc. — headquartered in Norton, Kansas and first certified to operate as a utility by the Kansas Corporation Commission in 1938 — is a member-owned, not-for-profit rural electric cooperative serving 18 Northern Kansas counties. Like most utilities, it can ask a member to post a security deposit to guarantee payment of electric bills, whether at application for new service or later if a member falls behind, defaults on a payment plan, or is reconnected after disconnection for non-payment.
This is a requirement of the Cooperative's own board-adopted Rules and Regulations, not a Kansas statute that names this specific bond. Section 3.B of those Rules caps the deposit at a member's projected average two months' bills for residential and small non-residential members, or the largest two months' bills for other members, calculated from billing history, expected length of service, and comparable members' consumption. Section 3.D.8 lets a non-residential member post a surety bond, irrevocable letter of credit, or written guarantee from a credit-approved party instead of cash.
The bond backs the same obligation a cash deposit would: if the member's electric bill goes unpaid, the Cooperative can draw against it. It is not insurance for the member's business — if the surety pays a claim, the member repays the surety. Enter the deposit figure the Cooperative calculated for your account; 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, then a quick review.
Submit the application with the deposit amount Prairie Land Electric Cooperative set for your account. Most applications approve instantly.
Start the application →Common questions.
Other Kansas bonds.
Skip the cash deposit on your electric account.
Priced at 2% of the amount, $100 minimum. Enter the figure the Cooperative set and file with Prairie Land Electric the same day.