KU electric deposit bonds.
From $100.
A customer of Kentucky Utilities Company (KU) can post a utility deposit bond in place of a cash security deposit. Kentucky PSC rules at 807 KAR 5:006, Section 8 let KU require a deposit and permit a bond as the "other guaranty." The bond is priced at 2% of the bond amount, $100 minimum.
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How much does a KU 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 give the executed bond to KU. Here is the whole thing:
Apply online
Your details, the deposit amount KU 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. No credit check up to $15,000. Larger amounts may get a brief review.
File with KU
Submit the executed bond to Kentucky Utilities Company in place of your cash deposit. Wet-ink originals mailed whenever KU insists.
What it is and who needs it.
What the utility deposit bond actually does
Kentucky Utilities Company is an investor-owned electric utility, part of LG&E and KU Energy, serving customers across central, southeastern, and western Kentucky. As a Kentucky Public Service Commission–jurisdictional utility, KU is subject to the PSC’s general service rules, and under 807 KAR 5:006, Section 8, "a utility may require from a customer a minimum cash deposit or other guaranty to secure payment of bills" — most often for a new account without an established payment history, or one re-establishing service.
A utility deposit bond is the surety alternative the regulation contemplates as "other guaranty." Instead of leaving cash sitting with KU, sometimes for years, you post a bond for the same amount. KU is the obligee, and the bond guarantees payment of your electric charges up to the bond amount.
Where billing history exists, 807 KAR 5:006 calculates the deposit from your average bill over the most recent 12 months, capped at two-twelfths (2/12) of your actual or estimated annual bill for monthly billing. If bills go unpaid and KU is harmed, it can recover against the bond — and if the surety pays, you repay the surety. We issue the amount KU set, priced at 2% of the bond amount, $100 minimum, 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 KU. Submit the executed bond to Kentucky Utilities Company in place of your cash deposit. Wet-ink originals mailed whenever KU 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 Kentucky Utilities Company set — the executed bond is generated instantly, ready to give KU 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 KU required and keep your cash free.