NY Con Edison utility deposit bonds.
2% of the bond amount.

A business customer of Consolidated Edison Company of New York (Con Edison) can often post a surety bond instead of tying up cash in a security deposit for gas or electric 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 Con Edison security-deposit requirement without tying up your own cash

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Tied to your Con Edison account and service location — enter both on the application

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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 Con Edison. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, your Con Edison account number, the location of service, 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 Con Edison

Submit the executed bond, along with the address for Con Edison to send a notice to cancel, to satisfy your deposit requirement in place of cash.

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. Consolidated Edison Company of New York (Con Edison), 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 Con Edison (the obligee). If your account becomes delinquent and Con Edison 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 Con Edison's to set for your account, tied to your specific Con Edison account number and service location, so confirm the figure on your deposit notice before applying.

Con Edison's PSC-approved tariffCon Edison's electric tariff (PSC No. 10) and gas tariff (PSC No. 9), both filed with and approved by the New York Public Service Commission, require the company to accept a non-residential deposit alternative that provides a level of security equivalent to cash (General Rule 3.3.4, "Deposit Alternatives") — a surety bond is a standard way to satisfy that requirement. Confirm the exact deposit amount, your account number, and cancellation-notice address directly with Con Edison customer service.

You need this bond if you are

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A new business customer Con Edison 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 Con Edison

One application, issued on the spot.

These are the actual issuing fields, including your Con Edison account number and service location — no credit section, because this application doesn't collect credit information.

Start the application →

FAQ

Common questions.

How much is the Con Edison utility deposit bond?Premiums cost 2% of the bond amount, with a $100 minimum. The bond amount is the deposit Con Edison 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 Con Edison notice or account. If you are unsure what Con Edison requires, confirm with their customer service before applying — the deposit amount is theirs to set, not ours.

What does the bond guarantee?It protects Con Edison 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 Con Edison'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 Con Edison.

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

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Your premiumfrom $100

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