LG&E deposit bonds.
From $100. Enter your amount.
Instead of tying up cash as a security deposit, a Louisville Gas and Electric Company (LG&E) customer can post a utility deposit bond in its place. Under the Kentucky Public Service Commission’s general rules at 807 KAR 5:006, Section 8, a jurisdictional utility may require a deposit or other guaranty to secure payment of bills, and LG&E’s own PSC-filed tariff accepts a surety bond as that alternative to cash. The bond is priced at 2% of the bond amount, $100 minimum — your exact price appears at the application.
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Apply to filed in one sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and give the executed bond to LG&E. Here is the whole thing:
Apply online
Your details, the deposit amount LG&E required, and the effective date — that is the entire application.
Issued on the spot
No long waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review; if a check ever runs, it is a soft pull that will not touch your score.
File with LG&E
Submit the executed bond to Louisville Gas and Electric Company in place of your cash deposit. Wet-ink originals mailed whenever the utility insists.
What it is and who needs it.
What the utility deposit bond actually does
Louisville Gas and Electric Company is an investor-owned utility serving gas and electric customers in and around Louisville, Kentucky, and — like every jurisdictional utility in the state — it operates under the Kentucky Public Service Commission’s general service rules. 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 after a lapse.
A utility deposit bond is a surety alternative to that cash deposit — the “other guaranty” the regulation contemplates, which LG&E’s own PSC-filed tariff accepts. Instead of leaving cash sitting with the utility, sometimes for years, you post a bond for the same amount. LG&E is the obligee, and the bond guarantees payment of your gas or electric charges up to the bond amount.
Where actual usage history exists, 807 KAR 5:006 calculates the deposit from your average bill over the most recent 12 months, and caps it at two-twelfths (2/12) of your actual or estimated annual bill for monthly billing (three-twelfths for bimonthly, four-twelfths for quarterly). If bills go unpaid and LG&E is harmed, it can recover against the bond — and if the surety pays, you repay the surety. We issue the amount LG&E 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
One application, issued on the spot.
Submit the application with the deposit amount LG&E set — the executed bond is generated instantly, ready to give the utility in place of cash.
Start the application →Common questions.
Other Kentucky bonds.
Skip the cash deposit.
Pricing from $100. Enter the deposit LG&E required and keep your cash free.