NC Piedmont Natural Gas corporate deposit bonds.
2% of the bond amount. $100 minimum.

North Carolina Utilities Commission Rule R12-2(a)(4) lets a business establish credit with Piedmont Natural Gas 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 for a corporate or commercial account. Piedmont quotes the amount — capped by Rule R12-4 at roughly one-third of your estimated seasonal charge for gas service — 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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For corporate and commercial gas accounts — Piedmont's corporate deposit form

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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 Piedmont quoted your business, consent to a soft pull, and send Piedmont the bond. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, the corporate gas account, the deposit amount Piedmont Natural Gas quoted, and a one-time consent to a soft credit pull.

INSTANTLY

Approved

Most Piedmont Natural Gas corporate 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 Piedmont

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

About this bond

What it is and who needs it.

What the corporate utility deposit bond actually guarantees

Piedmont Natural Gas is a North Carolina Utilities Commission–regulated natural-gas utility. Under NCUC Rule R12-1, a utility may require a deposit before establishing service to a new corporate or commercial account, administered "fairly and indiscriminately" based on the applicant's credit risk. Rule R12-2(a)(4) lets a business satisfy that requirement with "a satisfactory guarantor to secure payment of bills" instead of cash — this bond is that guarantor, sized for a corporate or commercial gas account.

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

Rule R12-4(a) caps a natural-gas security deposit — and so a guarantor bond in lieu of one — at one-third of the estimated seasonal charge for gas service, a tighter limit than the two-twelfths-of-annual-charge cap that applies to electric service. Enter the figure Piedmont quoted your business; 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 a cash deposit for seasonal natural-gas customers at one-third of the estimated charge for the season involved. Confirm your exact quoted deposit amount with Piedmont Natural Gas's corporate accounts team before applying.

You need this bond if you are

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A new corporate or commercial Piedmont Natural Gas customer asked to post a security deposit to establish service

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

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A property manager or landlord opening a commercial gas account for a new location

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Any business Piedmont Natural Gas has quoted a corporate deposit amount that would rather post a bond than tie up cash

One application, issued instantly.

These are the actual underwriting fields, including the deposit amount Piedmont 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 Piedmont Natural Gas corporate utility deposit bond cost?Premiums cost 2% of the bond amount, with a $100 minimum. The bond amount is the deposit figure Piedmont Natural Gas quoted your corporate account. Enter it here and your exact price appears at the application.

What amount should I enter?The deposit Piedmont Natural Gas quoted when it asked for a corporate security deposit. NCUC rules limit a seasonal natural-gas deposit to about one-third of the estimated seasonal charge — ask Piedmont's corporate accounts team for your exact figure if you are unsure.

What does the bond guarantee?It guarantees Piedmont Natural Gas gets paid if the account goes delinquent and service is disconnected with a balance owed. Piedmont can claim against the bond up to the amount posted; if the surety pays the claim, your business repays the surety. It is not insurance for you — it protects the utility.

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 Piedmont itself performs when deciding whether to require a corporate deposit.

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 Piedmont could claim against if the account goes unpaid; it is not money you hand over up front.

Related bonds

Other North Carolina bonds.

Skip the cash deposit, keep gas service on.

Premiums from $100, soft pull only. Enter the amount Piedmont quoted your business and send them the bond the same day.

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NC Piedmont Natural Gas corporate deposit bonds.2% of the bond amount. $100 minimum.