Singing River Electric utility deposit bonds.
2% of amount, $100 min.
When Singing River Electric Power Association asks a new or reconnecting member for a security deposit — commonly $245 on a residential account — a surety bond can stand in for the cash. The cooperative sets the deposit amount for your account; the premium on our bond 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 Singing River 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 Singing River 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
Singing River Electric Power Association is the member-owned electric cooperative headquartered in Lucedale, Mississippi, serving tens of thousands of members across several southeast Mississippi counties. Like most utilities, it requires a membership deposit from a new residential member, a member who has not had residential service in the past two years, or an account disconnected for non-payment — commonly $245 on a residential account, plus a small non-refundable connection charge.
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, Singing River 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 Singing River 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 Singing River 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 Singing River Electric required and keep your cash. Free until issued.