JCP&L sale-of-power credit bonds.
2% of the bond amount.
A competitive electric supplier that wants to sell power through Jersey Central Power & Light Company's New Jersey supplier programs, but does not carry a minimum senior-unsecured debt rating of BBB-/Baa3, must post alternative security — a parent guarantee, a letter of credit, a cash deposit, or a surety bond. That creditworthiness program is administered by JCP&L's parent, FirstEnergy Corp, out of its Akron, Ohio headquarters, not by an Ohio statute. If a supplier does not submit its own load estimate, JCP&L sets an initial credit exposure of $250,000, recalculated after the first 30 days of power flow. Premiums cost 2% of the bond amount, $100 minimum; the application collects no credit information.
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Apply to filed in one sitting.
No long underwriting queue for the standard JCP&L supplier security bond — enter your amount, pay, and send FirstEnergy the executed bond. Here is the whole thing:
Apply online
Your business details, the credit exposure amount FirstEnergy/JCP&L set for your supplier account, and the effective date — that is the entire application.
Issued
The application collects no credit information, and most applications approve instantly. Because these bonds can run six figures, larger amounts may get a brief underwriter review — if a check runs, it is a soft pull that will not touch your score — pricing is 2% of the bond amount, $100 minimum.
File with FirstEnergy / JCP&L
Your executed bond and power of attorney arrive by email, ready to send to FirstEnergy's Akron, Ohio supplier-services team so your JCP&L supplier registration clears. Wet-ink originals mailed on request.
What it is and who needs it.
What the JCP&L sale-of-power bond actually guarantees
This bond is not an Ohio license bond — it is one of the alternative-security options a competitive electric supplier can post under the creditworthiness program FirstEnergy Corp (JCP&L's parent, headquartered in Akron, Ohio) runs for Jersey Central Power & Light Company's New Jersey supplier registration. Suppliers that meet a minimum senior-unsecured debt rating of BBB- (S&P), Baa3 (Moody's), or BBB- (Fitch) need no additional security; suppliers that do not must post a parent-company guaranty, an irrevocable letter of credit, a cash deposit, or a surety bond satisfactory in form and substance to JCP&L, issued by a bank or financial institution rated at least "A" senior-unsecured.
It is a three-party arrangement: you (the principal), the surety carrier, and Jersey Central Power & Light Company (the obligee). The bond backs your obligation to pay JCP&L for electric power sold under its basic generation service programs. If a supplier defaults on that obligation, JCP&L can claim against the bond, and the supplier then reimburses the surety.
There is no fixed statutory amount — JCP&L sizes the required security to the supplier's projected load under its BGS-CIEP and residential/non-residential BGS-FP programs. If a supplier does not submit its own estimate, JCP&L requests an initial credit amount of $250,000, then recalculates exposure after the first 30 days of power flow and notifies the supplier if additional security is needed. Enter the figure FirstEnergy/JCP&L specified for your account; your premium is priced from a $100 minimum, and the application collects no credit information.
You need this bond if you are
One application, issued instantly.
These are the actual underwriting fields, including the credit exposure amount FirstEnergy/JCP&L set for your supplier account. There is no credit section — your price, 2% of the bond amount with a $100 minimum, is set at application.
Start the application →Common questions.
Other Ohio bonds.
Get your JCP&L supplier registration moving.
2% of the bond amount, $100 minimum, no credit fields. Enter the amount FirstEnergy/JCP&L set and send the executed bond the same day.