Platte-Clay utility deposit bonds.
From $100.
A member of Platte-Clay Electric Cooperative can post a utility deposit bond instead of tying up cash as a security deposit. The cooperative's own membership policy sets the deposit, not the Missouri Public Service Commission. The bond is priced at 2% of the bond amount, $100 minimum.
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How much does a Platte-Clay utility deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and give the executed bond to the cooperative. Here is the whole thing:
Apply online
Your service address, entity details, the deposit amount Platte-Clay set, and the effective date — that is the application.
Issued
No credit check up to $15,000, and most applications approve instantly. Larger deposit amounts may get a quick review.
File with the cooperative
Your executed bond arrives by email, ready to give Platte-Clay Electric Cooperative in place of a cash deposit for your service. Wet-ink originals mailed whenever the co-op insists.
What it is and who needs it.
What the utility deposit bond actually does
Platte-Clay Electric Cooperative is a member-owned rural electric cooperative, established in 1938, serving more than 26,500 active services across Buchanan, Caldwell, Clay, Clinton, DeKalb, Platte, and Ray counties in the Kansas City Northland. Under RSMo § 394.080, "nothing in this section shall be construed as conferring upon the public service commission jurisdiction over the rates, financing, accounting or management of any electric cooperative" — Missouri rural electric cooperatives set their own service and deposit policies, unlike investor-owned utilities regulated by the state PSC.
A utility deposit bond is a surety alternative to the cash security deposit the cooperative can require of a new or re-established account. Instead of leaving cash on deposit with Platte-Clay, sometimes for a year or more, you post a bond for the same amount. The cooperative is the obligee, and the bond guarantees payment of your electric charges up to the bond amount.
No credit check up to $15,000. Enter the amount the cooperative told you to post; premiums are priced from a $100 minimum, and no credit check up to $15,000.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the cooperative. Your executed bond arrives by email, ready to give Platte-Clay Electric Cooperative in place of a cash deposit for your service. Wet-ink originals mailed whenever the co-op insists.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $15,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, then usually minutes.
Submit the application with the deposit amount Platte-Clay set — most bonds are issued the same day, ready to give the cooperative in place of cash.
Start the application →Common questions.
Other Missouri bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Keep your deposit cash working.
From $100, no credit check up to $15,000. Enter the amount Platte-Clay set and file the same day.