NV utility deposit bonds.
2% of the bond amount.
Mt. Wheeler Power, Inc. — the member-owned rural electric cooperative serving Ely and surrounding White Pine County — can require a security deposit before it energizes service at a new commercial or industrial address, and accepts a surety bond in place of that cash deposit under its own rules and regulations. Premiums cost 2% of the bond amount, $100 minimum, after a quick soft credit check that never affects your score.
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Apply to filed in one sitting.
No long underwriting queue for a standard utility deposit bond — enter your amount, pay, and send the executed bond to Mt. Wheeler Power. Here is the whole thing:
Apply online
Your details, the deposit amount the cooperative quoted you, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most utility deposit bonds this size clear quickly; the soft credit pull never affects your score. Pricing is 2% of the bond amount, $100 minimum.
Send it to Mt. Wheeler Power
Your executed bond arrives by email, ready to submit in place of the cash deposit so service can be connected. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
Mt. Wheeler Power is a not-for-profit rural electric cooperative, formed under the USDA Rural Electrification Act and owned by the roughly 8,500 members it serves across White Pine and neighboring counties in eastern Nevada. Nevada rural cooperatives are not rate-regulated by the Public Utilities Commission of Nevada — Mt. Wheeler Power sets its own service rules, including deposit policy, through its board-adopted rate schedules and rules and regulations.
Like most electric utilities, the cooperative can ask a new commercial or industrial member — or one with a thin or troubled payment history — to post a security deposit before it energizes service, to protect the membership against an unpaid final bill. A surety bond is the standard alternative to tying up cash: instead of a deposit sitting with the cooperative for years, you pay a small annual premium and Mt. Wheeler Power holds the bond as its security instead.
The bond amount is set by the cooperative, typically based on your estimated average monthly bill or your payment history with prior utility accounts — there is no statewide statutory figure, since this is a private membership requirement rather than a state licensing bond. Enter the amount your Mt. Wheeler Power account representative quoted you; we price the bond from a $100 minimum after a quick soft credit check.
You need this bond if you are
One application, issued instantly.
These are the actual underwriting fields, including your service address and a one-time consent to a soft credit pull. The pull never affects your score, and your price — 2% of the bond amount, $100 minimum — is set at application.
Start the application →Common questions.
Other Nevada bonds.
Skip the cash deposit.
Premiums from $100, priced at 2% of the bond amount. Apply now and send the bond to Mt. Wheeler Power today. Free until issued.