Kentucky EKPC utility deposit bonds.
From $100.
East Kentucky Power Cooperative (EKPC) can accept a surety bond in place of a cash security deposit before establishing or continuing electric service to a commercial or industrial account. EKPC's own deposit policy sets the amount, tied to your expected usage. The premium runs 2% of the bond amount, $100 minimum.
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How much does a Kentucky EKPC 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 long underwriting queue for the standard utility deposit bond — enter your amount, pay, and file with EKPC. Here is the whole thing:
Apply online
Your business details, the deposit amount EKPC set, and the effective date — that is the application.
Issued on the spot
Most utility deposit bonds at this level generate the moment you pay. No credit check up to $15,000.
File with EKPC
Submit the executed bond in place of the cash deposit EKPC requested. Wet-ink original mailed on request.
What it is and who needs it.
What the deposit bond actually does
East Kentucky Power Cooperative is the generation and transmission cooperative headquartered in Winchester, Kentucky, that supplies wholesale power to 16 owner-member distribution cooperatives serving roughly 1.2 million Kentuckians. Like most electric utilities, EKPC can ask a commercial or industrial account to post security before service begins — protection against an unpaid final bill — and, like most utilities, it will accept a surety bond in place of the cash deposit it would otherwise hold.
It's a three-party arrangement: you (the principal), the surety carrier, and EKPC (the obligee). If your account goes unpaid and EKPC draws on the bond, you repay the surety — the bond is not insurance for you, and it frees up the cash a deposit would otherwise tie up.
The deposit amount is set by EKPC's own account policy rather than a state formula, and typically scales with your expected monthly usage. Confirm the figure EKPC gave you before applying — we issue whatever amount your account requires, from $100.
You need this bond if you're
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 EKPC. Submit the executed bond in place of the cash deposit EKPC requested. Wet-ink original mailed on request.
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 instantly.
These are the actual issuing fields. No credit check up to $15,000.
Start the application →Common questions.
Other Kentucky bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Post the EKPC deposit bond instead of cash.
2% of the bond amount, $100 minimum, no credit check up to $15,000. Enter the amount EKPC set and file the same day.