OH utility deposit bonds.
2% of the bond amount.
Butler Rural Electric Cooperative — the member-owned electric utility headquartered in Oxford, Ohio that serves parts of Butler, Hamilton, Preble, and Montgomery counties — lets a member post a surety bond in place of a cash security deposit for electric service. It is a cooperative deposit policy, not a state or municipal requirement. Premiums cost 2% of the bond amount, $100 minimum, and the application collects no credit information.
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Apply to filed in one sitting.
A cooperative deposit bond is one of the simplest bonds we issue — enter your amount, pay, and send the executed bond to the co-op. Here is the whole thing:
Apply online
Your details, the property the service covers, and the deposit amount the co-op set — that is the entire application. No credit fields appear anywhere in it.
Issued on the spot
No credit information collected and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review before the surety confirms coverage.
Send it to the co-op
Your executed bond arrives by email, ready to send to Butler Rural Electric Cooperative in place of the cash deposit it would otherwise hold. Wet-ink original mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
Butler Rural Electric Cooperative is a not-for-profit, member-owned electric distribution cooperative headquartered in Oxford, Ohio, serving parts of Butler, Hamilton, Preble, and Montgomery counties in the Miami Valley. Like most electric cooperatives, it can require a new or higher-risk member to post a security deposit before starting or continuing service — protection against an unpaid final bill if the account is closed still owing money.
A utility deposit bond is a surety alternative to that cash deposit. Instead of tying up cash with the cooperative, the member pays a one-time premium and the surety guarantees the deposit amount to the co-op. If the account closes with an unpaid balance, the co-op can claim against the bond up to the bonded sum; the surety then seeks reimbursement from the member. It frees up the cash the co-op would otherwise hold, often for the life of the account.
The cooperative — not any Ohio statute or agency — sets both whether a deposit applies and how large it is, based on the member's service class, credit history with the co-op, or payment history. We price the bond from a $100 minimum at 2% of the amount the co-op names, and the application collects no credit information at all.
You need this bond if you are
One application, issued on the spot.
These are the actual issuing fields. No credit information is collected, and the executed bond generates as soon as you pay.
Start the application →Common questions.
Other Ohio bonds.
Skip the cash deposit.
2% of the bond amount, $100 minimum. Enter the figure Butler Rural Electric set and send it to the co-op the same day. Free until issued.