Nevada utility deposit bonds.
From $100.
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. Premiums cost 2% of the bond amount, $100 minimum.
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How much does a Nevada 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 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
No credit check up to $15,000.
Approved
Most utility deposit bonds this size clear quickly. 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. 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
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 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, issued instantly.
These are the actual issuing fields. No credit check up to $15,000. Your price — 2% of the bond amount, $100 minimum — is set at application.
Start the application →Common questions.
Other Nevada bonds.
Price and requirements checked on the carrier’s application, . Page updated .
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.