KY Franklin EPB deposit bonds.
2% of the bond amount.
Franklin Electric Plant Board (FEPB) — the municipal electric utility that has served the city of Franklin, Kentucky since 1943 — can accept a surety bond in place of a cash security deposit from a commercial or industrial account before connecting or continuing service. FEPB sets the amount; the premium runs 2% of the bond amount, $100 minimum, with a soft pull only, never a hard inquiry.
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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 FEPB. Here is the whole thing:
Apply online
Your business details, the deposit amount FEPB set, and the effective date — that is the entire application.
Issued on the spot
Most deposit bonds at this level generate the moment you pay. Larger amounts may get a quick soft-pull review that never affects your score.
File with FEPB
Submit the executed bond in place of the cash deposit FEPB requested for your new or continuing service. Wet-ink original mailed on request.
What it is and who needs it.
What the deposit bond actually does
Franklin Electric Plant Board is the municipal electric utility operating in the city of Franklin, Kentucky, serving several thousand electric and fiber customers as a local power distributor within the TVA system. Before it connects or continues service to a commercial or industrial account, FEPB — like most utilities — can require security against an unpaid final bill, and will accept a surety bond in place of that cash deposit.
It's a three-party arrangement: you (the principal), the surety carrier, and FEPB (the obligee). If your account goes unpaid and FEPB draws on the bond, you repay the surety — the bond is not insurance for you, and it frees the cash a deposit would otherwise hold.
FEPB sets the amount under its own account rules rather than a state formula, generally scaled to your expected monthly bill. Confirm the figure FEPB gave you before applying; we issue whatever amount the utility specifies, from $100.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — enter the deposit amount FEPB set, and the application runs a soft pull only, never a hard inquiry.
Start the application →Common questions.
Other Kentucky bonds.
Post the Franklin EPB deposit bond instead of cash.
2% of the bond amount, $100 minimum, soft pull only. Enter the amount FEPB set and file the same day.