Mississippi utility deposit bonds, entergy mississippi, LLC.
From $100.

What the utility deposit bond actually does

Entergy Mississippi customers use electricity before paying for it — each bill covers usage already delivered — so Entergy Mississippi, LLC can require a new or higher-risk customer to post a security deposit as protection against an unpaid final bill. The deposit requirement itself runs through Entergy's own Service Policy, on file with the Mississippi Public Service Commission (Docket No. 2018-UA-39), which lets the company hold "a reasonable deposit as a guarantee for payment of service as permitted by the rules of the Commission." The Commission's own statewide rule caps how large a cash deposit can be — no more than a single estimated average bill for a residential customer, or two estimated maximum bills for any other customer.

A utility deposit bond is a surety alternative to that cash deposit. Instead of tying up cash with Entergy, the customer pays a one-time premium and the surety guarantees the deposit amount to the company. If the account closes with an unpaid balance, Entergy can claim against the bond up to the bonded sum; the surety then seeks reimbursement from the customer. It frees up cash Entergy would otherwise hold, often for the life of the account.

Entergy — not this bond, and not any figure we set — decides whether a deposit applies to your account and how large it is, based on your service class and payment history. We price the bond from a $100 minimum at 2% of the amount Entergy names, and no credit check up to $15,000.

You need this bond if you are