New York Con Edison utility deposit bonds.
From $100.
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; no credit check up to $15,000, and your exact price appears at the application.
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How much does a New York Con Edison 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.
Enter your amount, complete the short application, and send the executed bond to Con Edison. Here is the whole thing:
Apply online
Your business details, your Con Edison account number, the location of service, the deposit amount required, and the effective date.
Issued on the spot
No credit check up to $15,000, so most bonds generate the moment you pay.
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.
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.
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
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.
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 on the spot.
These are the actual issuing fields. No credit check up to $15,000.
Start the application →Common questions.
Other New York bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the cash deposit with Con Edison.
2% of the bond amount, $100 minimum, with your exact price at the application. Free until issued.