Westar Energy utility deposit bonds.
From $100.
A residential or commercial customer of Westar Energy (Kansas Gas and Electric Company) can post a surety bond in place of a cash security deposit. Westar sets the deposit amount, commonly twice your estimated monthly bill, and the bond is for the same figure. The premium is 2% of the bond amount, $100 minimum.
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How much does a Westar Energy 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 file with Westar. Here is the whole thing:
Apply online
Your account or business details, the deposit amount Westar Energy set, and the effective date — 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.
File with Westar Energy
Submit the executed bond to Westar 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
When you apply for, reinstate, or hold a Westar Energy (Kansas Gas and Electric Company) electric account, the utility can require a security deposit under its Kansas Corporation Commission-approved tariff — standard practice sizes a residential (or small commercial) deposit at roughly twice your estimated monthly bill, and a higher-usage commercial account — averaging more than 3,240 kWh a month — at the sum of its two largest projected monthly bills instead. Rather than leave that cash sitting with the utility, Westar accepts a completed bond form and power of attorney in place of the cash.
The bond is a payment guarantee in lieu of the cash deposit: it stands behind the electric charges on your service address. If the account goes unpaid and the deposit would have covered it, Westar can draw on the bond instead of holding down a cash deposit.
It is not insurance for you — if the surety pays Westar, you repay the surety. The advantage is cash flow: you pay a small premium — from $100 — rather than locking up the full deposit amount for the life of the account. Enter the figure Westar set on your account notice and your exact price appears at the application.
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 Westar Energy. Submit the executed bond to Westar in place of the cash deposit on your account. Wet-ink originals mailed whenever the utility 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 Westar 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 .
Utility deposit bond, issued today.
Premiums from $100 — your exact price appears at the application. Enter the deposit Westar set and file the same day.