NY Central Hudson utility deposit bonds.
2% of the bond amount.

A business customer of Central Hudson Gas & Electric Corporation can often post a surety bond instead of tying up cash in a security deposit for new or continued service. Premiums cost 2% of the bond amount, $100 minimum; the application collects no credit information, and your exact price appears at the application.

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Satisfies a Central Hudson security-deposit requirement without tying up your own cash

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Amount set by Central Hudson based on your account and estimated usage

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2% of the bond amount, $100 minimum — no credit information collected

2% rate$100 minimumSoft pull onlynever a hard inquiryFastinstant underwriting for most

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How it works

Apply to filed in one sitting.

Enter your amount, complete the short application, and send the executed bond to Central Hudson. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, the Central Hudson account or service location, the deposit amount required, and the effective date.

INSTANTLY

Issued on the spot

The application collects no credit information, so most bonds generate the moment you pay.

SAME DAY

File with Central Hudson

Submit the executed bond to satisfy your security-deposit requirement in place of cash. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the utility deposit bond actually guarantees

New and existing business customers of an electric or gas utility can be asked to secure their account with a deposit — protection for the utility if the account goes unpaid. Central Hudson Gas & Electric Corporation, like other New York utilities regulated by the Public Service Commission, permits a customer to satisfy that requirement with a surety bond in place of a cash deposit.

It is a three-party arrangement: you (the principal), the surety carrier, and Central Hudson (the obligee). If your account becomes delinquent and Central Hudson suffers a loss it is entitled to recover under its deposit rules, it can claim against the bond up to the bond amount.

It is not insurance for you — if the surety pays a claim, you repay the surety. The deposit amount is Central Hudson's to set for your account, so confirm the figure on your deposit notice before applying; we issue the bond at whatever amount you enter.

Central Hudson's PSC-approved tariffCentral Hudson's deposit requirements for business customers are set under tariffs it files with, and that are approved by, the New York Public Service Commission. New York electric and gas utility tariffs generally require the company to accept a non-cash deposit alternative that provides equivalent security, and a surety bond is a common way to satisfy that. Confirm whether a bond is accepted for your account, and the exact deposit amount, directly with Central Hudson's customer service or your account representative.

You need this bond if you are

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A new business customer Central Hudson has asked to post a security deposit

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An existing customer asked to increase or reinstate a deposit after a billing issue

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A business that prefers to keep cash out of a utility deposit and use a bond instead

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Renewing or replacing an existing utility deposit bond on file with Central Hudson

One application, issued on the spot.

These are the actual issuing fields — no credit section, because this application doesn't collect credit information. Your exact price — 2% of the bond amount, $100 minimum — is set at application.

Start the application →

FAQ

Common questions.

How much is the Central Hudson utility deposit bond?Premiums cost 2% of the bond amount, with a $100 minimum. The bond amount is the deposit Central Hudson requires for your account — enter that figure and your exact price appears at the application.

What amount should I enter?The deposit amount stated on your Central Hudson notice or account. If you are unsure what Central Hudson requires, confirm with their customer service before applying — the deposit amount is theirs to set, not ours.

What does the bond guarantee?It protects Central Hudson if your account becomes delinquent and the utility suffers a covered loss — the bond stands in for the cash deposit you would otherwise have to post.

Do I pay the full deposit amount?No. You pay the premium — 2% of the bond amount, $100 minimum — not the deposit itself. That figure is Central Hudson's maximum recovery against the bond, not money we or the utility holds for you.

Is there a credit check?The application collects no credit information, so most applicants approve instantly. If a check ever runs on this bond, it's a soft pull that won't affect your score.

Related bonds

Other New York bonds.

Skip the cash deposit with Central Hudson.

2% of the bond amount, $100 minimum, with your exact price at the application. Free until issued.

Start application

Your premiumfrom $100

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