JCP&L sale-of-power credit bonds.
From $100.
A competitive electric supplier in Jersey Central Power & Light's New Jersey programs that lacks the minimum BBB-/Baa3 senior-unsecured debt rating must post alternative security, such as a surety bond. Without a load estimate, JCP&L sets a $250,000 initial credit exposure. Premiums cost 2% of the bond amount, $100 minimum.
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How much does a JCP&L sale-of-power credit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. 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 application.
Issued
No credit check up to $15,000, and most applications approve instantly. Because these bonds can run six figures, larger amounts may get a brief underwriter review.
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 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 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 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 underwriting fields, including the credit exposure amount FirstEnergy/JCP&L set for your supplier account. There is no credit check up to $15,000 — your price, 2% of the bond amount with a $100 minimum, is set at application.
Start the application →Common questions.
Other Ohio bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Get your JCP&L supplier registration moving.
2% of the bond amount, $100 minimum, no credit check up to $15,000. Enter the amount FirstEnergy/JCP&L set and send the executed bond the same day.