Platte-Clay utility deposit bonds.
From $100. Enter your amount.
Instead of tying up cash as a security deposit, a member of Platte-Clay Electric Cooperative can post a utility deposit bond in its place. Platte-Clay is a member-owned rural electric cooperative serving Buchanan, Caldwell, Clay, Clinton, DeKalb, Platte, and Ray counties in the Kansas City Northland; deposit requirements are set by the cooperative's own membership policy, not by the Missouri Public Service Commission. The bond is priced at 2% of the bond amount, $100 minimum — your exact price appears 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 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 entire application.
Issued
The application collects no credit information, 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.
There is no single statewide figure — Platte-Clay sets the required deposit under its own membership policy, based on account type and credit history. Enter the amount the cooperative told you to post; premiums are priced from a $100 minimum, and the application collects no credit information.
You need this bond if you are
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.
Keep your deposit cash working.
From $100, no credit fields. Enter the amount Platte-Clay set and file the same day.