NC Duke Energy Carolinas utility deposit bonds.
2% of the bond amount. $100 minimum.

North Carolina Utilities Commission Rule R12-2(a)(4) lets an applicant establish credit with Duke Energy Carolinas by furnishing "a satisfactory guarantor to secure payment of bills" instead of a cash deposit, in an amount not to exceed the cash deposit the Commission's rules would otherwise allow. This bond is that guarantor. Duke Energy quotes the amount — capped by Rule R12-4 at two-twelfths of your estimated annual charge — and premiums cost 2% of the bond amount, $100 minimum, after a quick soft credit check that never affects your score.

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Authorized under NCUC Rule R12-2(a)(4) as a guarantor alternative to a cash security deposit

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Amount capped by Rule R12-4 at two-twelfths of your estimated annual charge (seasonal service differs)

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2% of the bond amount, $100 minimum — soft pull only, your exact price appears at the application

From $1002% of the bond amount, $100 minimumSoft pull onlynever a hard inquiryFastinstant underwriting for most

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How it works

Apply to filed in one sitting.

A utility deposit bond is one of the simplest bonds to issue. Enter the amount Duke Energy quoted, consent to a soft pull, and send Duke Energy the bond. Here is the whole thing:

TODAY · ONLINE

Apply online

Your details, the service account, the deposit amount Duke Energy Carolinas quoted, and a one-time consent to a soft credit pull.

INSTANTLY

Approved

Most Duke Energy Carolinas deposit bonds clear instantly; the soft credit pull informs approval and never affects your score. Pricing is 2% of the bond amount, $100 minimum.

SAME DAY

File with Duke Energy

Your executed bond arrives by email, ready to submit to Duke Energy Carolinas in place of a cash deposit. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the utility deposit bond actually guarantees

Duke Energy Carolinas, LLC is a North Carolina Utilities Commission–regulated electric utility. Under NCUC Rule R12-1, a utility may require a deposit before establishing or reestablishing service, but must administer that policy "fairly and indiscriminately" based on the applicant's credit risk. Rule R12-2(a)(4) lets you satisfy that credit requirement with "a satisfactory guarantor to secure payment of bills" instead of handing over cash — this bond is that guarantor.

It is a three-party arrangement: you (the principal), the surety carrier, and Duke Energy Carolinas (the obligee). If your account falls delinquent and service is disconnected with an unpaid balance, Duke Energy can claim against the bond for what you owe, up to the bond amount — and if the surety pays, you repay the surety. It is a payment guarantee for the utility, not insurance for you.

Rule R12-4(a) caps how large a cash deposit — and so a guarantor bond in lieu of one — can be: no more than two-twelfths of your estimated charge for the next twelve months, or one-half of the seasonal estimate for seasonal service. Enter the figure Duke Energy Carolinas quoted you; your premium prices from a $100 minimum after a quick soft credit check that never affects your score.

NCUC Rule R12-2(a)(4); Rule R12-4(a)North Carolina Utilities Commission Rule R12-2(a)(4) allows an applicant to establish credit for utility service by furnishing "a satisfactory guarantor to secure payment of bills for the service requested in a specified amount not to exceed the amount of the cash deposit prescribed in Rule R12-4." Rule R12-4(a) caps that cash deposit — and so the guarantor amount — at two-twelfths of the estimated charge for the ensuing twelve months (one-half of the seasonal estimate for seasonal service). Confirm your exact quoted deposit amount with Duke Energy Carolinas before applying.

You need this bond if you are

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A new Duke Energy Carolinas customer asked to post a security deposit to establish service

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A customer reestablishing service after a disconnection for nonpayment, under Rule R12-3

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A business or landlord opening a new commercial account whose deposit exceeds what a cash-free credit check waives

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Anyone Duke Energy Carolinas has quoted a deposit amount who would rather post a bond than tie up cash

One application, issued instantly.

These are the actual underwriting fields, including the deposit amount Duke Energy quoted and a one-time consent to a soft credit pull. The pull never affects your score, and your price — from a $100 minimum — is set at application.

Start the application →

FAQ

Common questions.

How much does the Duke Energy Carolinas utility deposit bond cost?Premiums cost 2% of the bond amount, with a $100 minimum. The bond amount is the deposit figure Duke Energy Carolinas quoted you — capped by NCUC Rule R12-4 at two-twelfths of your estimated annual charge. Enter it here and your exact price appears at the application.

What amount should I enter?The deposit Duke Energy Carolinas quoted when it asked for a security deposit. NCUC Rule R12-4(a) limits that figure to two-twelfths of your estimated charge for the next twelve months, or one-half of the seasonal estimate for seasonal service — ask Duke Energy for the exact number if you are unsure.

What does the bond guarantee?It guarantees Duke Energy Carolinas gets paid if your account goes delinquent and service is disconnected with a balance owed. Duke Energy can claim against the bond up to the amount you posted; if the surety pays the claim, you repay the surety. It is not insurance for you — it protects the utility and, ultimately, its other ratepayers.

Is there a credit check?A soft credit pull may run as part of underwriting — never a hard inquiry, and it never affects your score. This is separate from any credit review Duke Energy itself performs when it decides whether to require a deposit at all.

Do I pay the full bond amount?No. You pay the premium — 2% of the bond amount, $100 minimum — not the deposit amount itself. The bond amount is the cap on what Duke Energy could claim against if your account goes unpaid; it is not money you hand over up front.

Related bonds

Other North Carolina bonds.

Skip the cash deposit, keep the lights on.

Premiums from $100, soft pull only. Enter the amount Duke Energy quoted and send them the bond the same day.

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Your premiumfrom $100

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NC Duke Energy Carolinas utility deposit bonds.2% of the bond amount. $100 minimum.