Pepco deposit bonds.
2% of the bond amount. Enter your amount.
Potomac Electric Power Company (Pepco) may ask a business account to secure its electric service before service starts or continues — and Maryland's utility rules let a nonresidential customer post a surety bond instead of leaving cash on deposit. The bond names Pepco as obligee in the amount Pepco sets for your account, capped by regulation at the cash deposit it could otherwise require. Premiums are 2% of the bond amount, $100 minimum — enter your amount to see your exact price.
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Apply to filed in one sitting.
A utility deposit bond has no long underwriting queue at the standard amount — enter your figure, apply, and send the executed bond to Pepco. Here is the whole thing:
Apply online
Your business details, the bond amount Pepco set, and the effective date — that is the entire application.
Priced and issued
The premium is 2% of the bond amount, $100 minimum, and the executed bond is generated as soon as you pay. Larger amounts may get a brief review.
File with Pepco
Send the executed bond to Pepco's credit or customer-service department so the cash-deposit requirement on the account is released. Wet-ink originals mailed on request.
What it is and who needs it.
What the Pepco deposit bond actually does
Potomac Electric Power Company (Pepco) is the regulated electric utility for the District of Columbia and its Maryland suburbs. Its Maryland service is governed by the Maryland Public Service Commission, whose rules on customer deposits live in COMAR Title 20, Subtitle 30. Pepco may require a deposit from an account it assesses as higher-risk before starting or continuing service.
Instead of leaving cash on file, a nonresidential customer may establish credit by "securing a bond drawn against an insurance company acceptable to the utility" — COMAR 20.30.01.02B(2)(c). It is a three-party arrangement: you (the principal), the surety carrier, and Pepco (the obligee). If the account goes unpaid, Pepco can claim against the bond up to its stated amount; if the surety pays, you repay the surety — the bond is not insurance for you.
This is a commercial-account bond. Maryland’s residential deposit rule (COMAR 20.30.02) offers a guaranty, not a bond, and Pepco’s District of Columbia customers are under a separate DC rule that also has no bond option — so this page is for Maryland nonresidential accounts. The amount is the figure Pepco sets for your account, and the regulation caps it at the cash deposit Pepco could otherwise require; confirm it on your deposit notice before you apply.
You need this bond if you are
Priced at the application.
Submit the application with the bond amount Pepco set for your account — the premium is 2% of that amount, $100 minimum, and the executed bond is ready to send to Pepco the same day.
Start the application →Common questions.
Other Maryland bonds.
Free up the cash Pepco is holding.
2% of the bond amount, $100 minimum. Priced at application, executed bond the same day.