OG&E electric deposit bonds.
From $100. Enter your amount.
Instead of tying up cash, Oklahoma Gas and Electric Company (OG&E) — the investor-owned utility headquartered in Oklahoma City, serving most of central and western Oklahoma — lets a customer post a surety bond to secure an electric-service account in place of a cash deposit. OG&E sets the deposit amount from your expected usage or billing history; premiums are priced at 2% of the bond amount plus a $25 fee, with a $100 minimum.
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Apply to filed in one sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and deliver it to OG&E. Here is the whole thing:
Apply online
Your account details, the deposit amount OG&E required, and the effective date — plus a quick soft-pull consent.
Issued on the spot
No waiting — the executed bond is generated as soon as you pay. The soft pull never affects your credit score; larger amounts may get a brief review.
Deliver to OG&E
Submit the executed bond to Oklahoma Gas and Electric Company in place of your cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
When you open or hold an account with Oklahoma Gas and Electric Company (OG&E), the utility can require a security deposit against unpaid bills — standard practice for new accounts, accounts with a spotty payment history, or accounts reclassified after a late payment. Rather than leaving cash on deposit, a customer can post a utility deposit surety bond for the same amount — OG&E is protected, and the customer's money stays in their business or household.
It is a three-party arrangement: you (the principal), the surety carrier, and OG&E (the obligee). If the account goes unpaid, OG&E can recover the unpaid balance against the bond, up to the deposit amount it set.
It is not insurance for you — if the surety pays a claim, you repay the surety. For most customers the bond is simply a cheaper way to satisfy a deposit requirement than tying up the full amount in cash. We price OG&E's amount at 2% of the bond amount plus a $25 fee, $100 minimum, after a soft credit pull that never affects your score.
You need this bond if you are
One application, issued the moment you pay.
Submit the application with the deposit amount OG&E set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Oklahoma bonds.
Bond your deposit, keep your cash.
Premiums from $100. Enter OG&E’s deposit amount and deliver the same day. Free until issued.