North Carolina Duke Energy Carolinas utility deposit bonds.
From $100.
Under North Carolina Utilities Commission Rule R12-2(a)(4), an applicant can establish credit with Duke Energy Carolinas by furnishing this bond as a guarantor of bill payment instead of a cash deposit. Duke Energy quotes the amount, capped by Rule R12-4. Premiums cost 2% of the bond amount, $100 minimum.
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How much does a North Carolina Duke Energy Carolinas 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.
A utility deposit bond is one of the simplest bonds to issue. Enter the amount Duke Energy quoted and send Duke Energy the bond. Here is the whole thing:
Apply online
No credit check up to $15,000.
Approved
Most Duke Energy Carolinas deposit bonds clear instantly. Pricing is 2% of the bond amount, $100 minimum.
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.
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. No credit check up to $15,000.
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 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.
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 instantly.
These are the actual issuing fields. No credit check up to $15,000. Your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other North Carolina bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the cash deposit, keep the lights on.
Premiums from $100, no credit check up to $15,000. Enter the amount Duke Energy quoted and send them the bond the same day.