MD electric supplier integrity bonds.
$7,500 flat. Soft pull.
Maryland's Public Service Commission licenses electricity suppliers, and an applicant that can’t satisfy the financial-integrity tests must post a $250,000 bond under COMAR 20.51.02.08, naming the Commission as sole beneficiary. Ours is $7,500 flat — 3% of the bond amount — with one soft credit pull that never affects your score.
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Three steps to filed.
Your PSC electricity-supplier license is waiting on this bond. Here is the entire process — no broker phone tag:
Apply once, online
Business details, owner information, effective date. The only extra step is a one-time consent to a soft credit pull.
Reviewed & approved
A $250,000 financial-integrity bond gets a real underwriting look; you hear from an underwriter within 48 hours if anything else is needed. The credit check is a soft pull that never affects your score.
E-sign & file with the Commission
Pay online and receive the executed bond, naming the Public Service Commission as sole beneficiary, ready to file with your supplier license. Wet-ink originals mailed whenever the Commission insists.
The whole pricing page.
$250,000 bond × 3% = $7,500, one-time per term. Fixed amount, fixed price, multi-year if you want it.
What it is and who needs it.
What the financial integrity bond guarantees
Maryland's Public Service Commission licenses electricity suppliers under COMAR Title 20, Subtitle 51. Section 20.51.02.08 (Financial Integrity) requires an applicant that cannot satisfy the financial-integrity tests — or has not received an unsecured credit allowance greater than $2,000,000 from PJM Interconnection — to provide security, generally a $250,000 surety bond.
The bond names the Commission as sole beneficiary, is continuous, and is cancellable only on 60 days’ notice unless the Commission orders it maintained. Its language lets the Commission draw on it if it determines the supplier is financially insolvent or unable to meet its obligations as a licensed electricity supplier in Maryland.
It is not insurance for you. If the Commission draws on the bond and the surety pays, you repay the surety. The $250,000 amount is fixed by the rule, so the price is fixed too: $7,500, a flat 3%, with one soft credit pull.
You need this bond if you're
Five minutes. The whole thing.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. The $250,000 amount and $7,500 price are fixed.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
Do I pay the $250,000? +
Who requires this bond? +
Is there a credit check? +
Can the bond be cancelled? +
Is the electricity bond different from the gas one? +
Other New York bonds.
The Commission is waiting on one document.
$7,500 flat, five-minute application, e-signed bond in 1–2 business days. Free until issued.