North Carolina PSNC Energy utility deposit bonds.
From $100.
Under North Carolina Utilities Commission Rule R12-2(a)(4), an applicant can establish credit with PSNC Energy by furnishing this bond as a guarantor of bill payment instead of a cash deposit. PSNC 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 PSNC Energy 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 PSNC quoted and send PSNC the bond. Here is the whole thing:
Apply online
No credit check up to $15,000.
Approved
Most PSNC Energy deposit bonds clear instantly. Pricing is 2% of the bond amount, $100 minimum.
File with PSNC
Your executed bond arrives by email, ready to submit to PSNC Energy 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
PSNC Energy — Public Service Company of North Carolina, Inc. — is a North Carolina Utilities Commission–regulated natural-gas utility serving much of the Piedmont and coastal regions of the state. Under NCUC Rule R12-1, a utility may require a deposit before establishing or reestablishing service, administered "fairly and indiscriminately" based on the applicant's credit risk. Rule R12-2(a)(4) lets you satisfy that requirement with "a satisfactory guarantor to secure payment of bills" instead of cash — this bond is that guarantor.
It is a three-party arrangement: you (the principal), the surety carrier, and PSNC Energy (the obligee). If your account falls delinquent and service is disconnected with an unpaid balance, PSNC 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 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 PSNC 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 PSNC. Your executed bond arrives by email, ready to submit to PSNC Energy 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 gas service on.
Premiums from $100, no credit check up to $15,000. Enter the amount PSNC quoted and send them the bond the same day.