Coast Electric utility deposit bonds.
2% of amount, $100 min.
When Coast Electric Power Association asks a new or reconnecting member for a security deposit before starting electric service, a surety bond can stand in for the cash. The cooperative sets the deposit amount for your account; the premium is 2% of that amount, with a $100 minimum, shown 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 deliver the executed bond to the cooperative. Here is the whole thing:
Apply online
Your details, the service address, the deposit amount Coast Electric set, and the effective date — that is the entire application.
Issued on the spot
Most applications approve instantly and the executed bond is generated as soon as you pay. If a check runs on a larger amount, it is a soft pull that never affects your credit score.
File with Coast Electric
Deliver the executed bond to the cooperative in place of the cash deposit so your service can start or continue. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
Coast Electric Power Association is the member-owned electric cooperative headquartered in Kiln, Mississippi, serving roughly 79,000 members across Hancock, Harrison, and Pearl River counties on the Mississippi Gulf Coast. Like most utilities, it can require a membership deposit before connecting service, especially for a new account, a reconnection after non-payment, or a commercial location — to protect against unpaid bills.
A utility deposit bond is a surety bond the cooperative accepts in place of that cash deposit. It guarantees that if you fail to pay your electric bill, Coast Electric can recover the unpaid amount up to the bond's limit — so you satisfy the deposit requirement without tying up cash.
It is not insurance for you — if the surety pays the cooperative on an unpaid balance, you repay the surety. We issue the amount Coast Electric set; the premium is 2% of that deposit, with a $100 minimum.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount Coast Electric Power Association required — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Mississippi bonds.
Utility deposit bond, issued today.
Premium is 2% of the deposit amount, $100 minimum. Enter the deposit Coast Electric required and keep your cash. Free until issued.