Cleco Power deposit bonds.
From $100.
Instead of tying up cash, Cleco Power LLC — the investor-owned electric utility headquartered in Pineville and regulated by the Louisiana Public Service Commission — lets a customer without an established payment history secure an account with a surety bond in place of a deposit. The premium is 2% of the bond amount, $100 minimum.
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How much does a Cleco Power 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 a utility deposit bond — enter your amount, pay, and deliver the executed bond to Cleco. Here is the whole thing:
Apply online
No credit check up to $15,000.
Issued
Most utility deposit bonds clear quickly; pricing is 2% of the bond amount, $100 minimum. Larger deposits may get a brief review.
Deliver to Cleco Power
Submit the executed bond, with your account and service address listed exactly, to Cleco to satisfy the deposit and activate or keep your electric service.
What it is and who needs it.
What the Cleco utility deposit bond actually covers
Cleco Power LLC is the investor-owned electric utility serving much of central and southwest Louisiana, regulated by the Louisiana Public Service Commission. Like most regulated utilities, Cleco can require a security deposit on a new account without an established payment record, or on an account that previously went unpaid.
A surety bond is one accepted alternative to leaving that money in cash with the utility. You (the principal) post the bond, the surety stands behind it, and Cleco Power LLC is the obligee. The amount is the deposit Cleco sets for your account, generally tied to your estimated monthly usage and payment history at the serviced address.
It is not insurance for you — if the surety pays Cleco on an unpaid account, you repay the surety. The bond stays in force until the surety cancels with written notice. For a customer who would rather not park cash with the utility, a one-time premium starting at $100 is the cheaper way to satisfy the requirement.
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
Deliver to Cleco Power. Submit the executed bond, with your account and service address listed exactly, to Cleco to satisfy the deposit and activate or keep your electric service.
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 quickly.
Submit the application with your Cleco deposit notice amount. No credit check up to $15,000.
Start the application →Common questions.
Other Louisiana bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the cash deposit.
Premiums from $100. Enter the deposit Cleco Power set, see your exact price before you pay, and deliver the bond the same day.