BGMU electric deposit bonds.
From $100.
Instead of tying up cash as a security deposit, a customer of Bowling Green Municipal Utilities (BGMU) can post a deposit bond for electric service. BGMU sets the deposit amount; the bond is priced at 2% of the bond amount, $100 minimum — your exact price appears at the application.
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How much does a BGMU electric 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 BGMU. Here is the whole thing:
Apply online
Your details, the deposit amount BGMU required, and the effective date — that is the application.
Issued on the spot
No waiting — the executed bond is generated as soon as you pay. Above $15,000, a soft pull may add a short review.
File with BGMU
Submit the executed bond to Bowling Green Municipal Utilities in place of your cash deposit for electric service. Wet-ink originals mailed whenever BGMU insists.
What it is and who needs it.
What the utility deposit bond actually does
Bowling Green Municipal Utilities (BGMU) is the municipal utility serving Bowling Green, Kentucky. Like most utilities, BGMU can require a security deposit before establishing electric service for a new or higher-risk account, to protect against unpaid bills.
A utility deposit bond is a surety alternative to that cash deposit. Instead of leaving the full deposit sitting with BGMU, you post a bond for the same amount — BGMU is the obligee, and the bond guarantees payment of your electric charges up to the bond amount.
If you leave bills unpaid and BGMU is harmed, it can recover against the bond — and if the surety pays, you repay the surety. We issue the amount BGMU set, priced at 2% of the bond amount, $100 minimum — not by a credit or underwriting tier — freeing up the cash you would otherwise have on deposit.
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 BGMU. Submit the executed bond to Bowling Green Municipal Utilities in place of your cash deposit for electric service. Wet-ink originals mailed whenever BGMU 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 BGMU set — the executed bond is generated instantly, ready to file in place of cash.
Start the application →Common questions.
Other Kentucky bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the cash deposit.
Pricing from $100. Enter the deposit BGMU required and keep your cash.