Mississippi Power utility deposit bonds.
2% of amount, $100 min.
When Mississippi Power Company requires a security deposit before connecting or continuing electric service, a surety bond can stand in for the cash. Under the company's Rules Governing Electric Service, filed with the Mississippi Public Service Commission, no deposit is required unless the company judges one necessary to guarantee payment — and when one is, the premium on our bond is 2% of the deposit 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 company. Here is the whole thing:
Apply online
Your details, the service address, the deposit amount Mississippi Power 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 Mississippi Power
Deliver the executed bond to the company 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
Mississippi Power Company is the investor-owned electric utility headquartered in Gulfport, serving roughly 23 counties in southeast Mississippi. Its rates and service practices, including deposits, are set out in the company's Rules Governing Electric Service, filed with the Mississippi Public Service Commission and available on request from the company's general office or any local office.
Under those rules, no initial deposit is required of a residential customer unless the company judges one necessary to guarantee payment for service — a new or reconnecting account, an account with a poor payment history, or certain commercial accounts. A utility deposit bond is a surety bond the company can accept in place of that cash deposit: it guarantees that if you fail to pay your electric bill, the company can recover the unpaid amount up to the bond's limit.
It is not insurance for you — if the surety pays Mississippi Power on an unpaid balance, you repay the surety. We issue the amount the company 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 Mississippi Power Company 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 Mississippi Power required and keep your cash. Free until issued.