MD Potomac Edison deposit bonds.
2% of the bond amount plus a $25 fee.
Potomac Edison, the FirstEnergy utility serving western Maryland, can require a nonresidential customer to post security when establishing or reestablishing credit. Maryland's Public Service Commission caps that requirement — under COMAR 20.30.01, a nonresidential deposit may not exceed roughly two billing periods (or 90 days) of estimated charges — and Potomac Edison's own tariff lets a customer post a surety bond instead of tying up that cash. Premiums cost 2% of the bond amount plus a $25 fee, $125 minimum, after a quick soft credit check that never affects your score.
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Apply to filed in one sitting.
Utility deposit bonds are simple to issue once you have Potomac Edison's quoted amount. Enter it, consent to a soft pull, and file:
Apply online
Your account details, the deposit amount Potomac Edison quoted, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most utility deposit bonds clear quickly; the soft credit pull informs approval and never affects your score. Pricing is 2% of the bond amount plus a $25 fee, $125 minimum. Larger amounts may get a brief review.
File with Potomac Edison
Your executed bond and power of attorney arrive by email, ready to submit to Potomac Edison in place of the cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually guarantees
A utility deposit bond is a payment guarantee that takes the place of the cash security deposit Potomac Edison can require from a nonresidential customer that is establishing new service or reestablishing credit after a payment issue. Maryland's Public Service Commission regulates the amount a utility may collect: under COMAR 20.30.01, a nonresidential deposit generally may not exceed the customer's estimated charges for two consecutive billing periods, or 90 days, whichever is less (with a minimum of $5, and larger amounts allowed for short-term or special-occasion service).
It is a three-party arrangement: you (the principal), the surety carrier, and Potomac Edison (the obligee). If your account goes delinquent and the utility is owed unpaid charges it would otherwise have recovered from a cash deposit, it can claim against the bond up to the bond amount — and if the surety pays, you repay the surety. It is a credit-security backstop, not insurance for you, and it frees up the cash a deposit would otherwise tie up.
Potomac Edison's own PSC-approved tariff — rather than COMAR itself — is what lets the utility accept a surety bond as an alternative to the cash deposit; confirm the exact amount it has quoted you before applying. Premiums are priced at 2% of that amount plus a $25 fee, $125 minimum, after a quick soft credit check that never affects your score.
You need this bond if you are
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. The pull never affects your score, and your price — 2% of the bond amount plus a $25 fee, $125 minimum — is set at application.
Start the application →Common questions.
Other Maryland bonds.
Skip the cash deposit.
Priced at 2% of the bond amount plus a $25 fee, $125 minimum. Soft pull only. Enter the amount Potomac Edison quoted and file the same day.