OR utility deposit bonds.
2% of the bond amount.
Oregon utilities regulated by the Public Utility Commission of Oregon may require a non-residential customer to establish credit before service begins. Under each utility’s own PUC-filed tariff — for example Pacific Power’s Oregon Rule 9 on deposits — a customer who cannot otherwise establish credit can satisfy that requirement with a surety (performance) bond instead of a cash security deposit. 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.
Your utility tells you the deposit-in-lieu amount before you need this bond. Enter that figure, pay, and submit the bond to the utility. Here is the whole thing:
Apply online
Your business details, the utility you are securing service with, the bond amount it requires, and the effective date — that is the entire application.
Issued
The application collects no credit information, and most applications approve instantly. Pricing is 2% of the bond amount, with a $100 minimum. If a check ever runs on a larger amount, it is a soft pull that will not touch your score.
File with the utility
Submit the executed bond to your utility in place of the cash deposit it would otherwise require. Wet-ink originals mailed whenever the utility insists.
What it is and who needs it.
What the utility deposit bond actually covers
Electric, gas, and other utilities regulated by the Public Utility Commission of Oregon file tariffs setting out when a customer must establish creditworthiness before service begins or continues. A non-residential applicant who cannot show 12 months of continuous, on-time service, or provide an irrevocable letter of credit, is typically offered a third path: a surety (performance) bond or other guarantee acceptable to the utility, in place of a cash security deposit.
Where a cash deposit would apply, utility tariffs generally size it around one-sixth of the customer’s estimated annual billing based on connected load — the bond secures that same obligation without tying up the customer’s cash. If the customer fails to pay for utility service, the utility can claim against the bond up to the penal sum; if the surety pays, the customer repays the surety.
There is no statewide statutory dollar figure — each utility’s own PUC-filed tariff sets the deposit-in-lieu amount for a given account. Enter the bond amount your utility specified; we price it from a $100 minimum, and the application collects no credit information.
You need this bond if you are
One application, issued instantly.
Enter the deposit-in-lieu amount your utility specified. The application collects no credit information, and most applications approve instantly.
Start the application →Common questions.
Other Oregon bonds.
Open utility service without the cash deposit.
Premiums from $100, soft pull only — never a hard inquiry. Enter the amount your utility requires and file the same day.