NC PSNC Energy 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 PSNC Energy — Public Service Company of North Carolina, Inc. — 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. PSNC 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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Amount capped by Rule R12-4 at roughly one-third of your estimated seasonal gas charge

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

TODAY · ONLINE

Apply online

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

INSTANTLY

Approved

Most PSNC Energy 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 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.

About this bond

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 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 PSNC Energy before applying.

You need this bond if you are

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A new PSNC Energy customer asked to post a security deposit to establish gas 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 gas account for a new location

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Anyone PSNC Energy 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 PSNC 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 PSNC Energy utility deposit bond cost?Premiums cost 2% of the bond amount, with a $100 minimum. The bond amount is the deposit figure PSNC Energy quoted you. Enter it here and your exact price appears at the application.

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

What does the bond guarantee?It guarantees PSNC Energy gets paid if your account goes delinquent and service is disconnected with a balance owed. PSNC 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.

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 PSNC itself performs when deciding whether to require a 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 PSNC 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 gas service on.

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

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Your premiumfrom $100

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