NM gas utility guarantee bonds.
Flat 3%. Enter your amount.
When a New Mexico gas utility asks a commercial customer for a deposit, a utility guarantee bond can stand in for the cash — it guarantees the utility that the account will be paid. The utility sets the amount; we issue it at a flat 3% with no credit check.
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Apply to filed in one sitting.
No underwriting queue for the standard utility guarantee — enter your amount, pay, and deliver it to the utility. Here is the whole thing:
Apply online
Your business details, the bond amount the utility required, and the effective date — that is the entire application.
Issued on the spot
No credit check and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
Deliver to the gas utility
Submit the executed bond to the utility to release your service deposit requirement. Wet-ink originals mailed on request.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the figure the utility asked for and the premium updates.
What it is and who needs it.
What the gas utility guarantee actually covers
When a customer opens or expands a commercial gas account, a New Mexico utility may require a deposit or other guarantee of payment — utility deposit and credit practices are governed by the utility's tariff on file with the New Mexico Public Regulation Commission. A surety bond is one accepted way to satisfy that requirement without tying up cash.
The bond guarantees the utility that your account will be paid. It's a three-party arrangement: you (the principal), the surety carrier, and the gas utility (the obligee). If the account goes unpaid, the utility can recover against the bond up to its penal sum.
This is a commercial payment guarantee, not a statewide license mandate — the amount is whatever the utility requires under its tariff, typically a multiple of your estimated monthly bill. It is not insurance for you: if the surety pays the utility, you repay the surety. Enter the figure the utility named and we issue at a flat 3% with no credit check.
You need this bond if you are
Five minutes, issued on the spot.
Submit the application with the bond amount the utility required — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the gas utility guarantee bond? +
Is this required by the state? +
Why use a bond instead of a cash deposit? +
Is there a credit check? +
What amount should I choose? +
Other New York bonds.
Free up your deposit today.
Five-minute application, flat 3%, $275 minimum. Enter the amount the utility asked for and deliver it the same day.