BrightRidge utility deposit bonds.
From $100. Enter your amount.
Instead of tying up cash as a deposit with BrightRidge, the Johnson City-based public power provider serving Northeast Tennessee, a customer can post a surety bond for the same figure. BrightRidge sets the required deposit — commercial and industrial accounts are typically twice the highest estimated monthly bill — and the premium is 2% of the bond amount, $100 minimum, with an application that collects no credit information. Enter your amount in the calculator below for your exact price.
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Apply to filed in one sitting.
No underwriting queue for the standard BrightRidge deposit bond — enter your amount, pay, and file with BrightRidge. Here is the whole thing:
Apply online
Your name or business, the electric service location, the deposit amount BrightRidge set, and the effective date — that is the entire application.
Issued
The application collects no credit information, and most applications approve instantly. If a check ever runs, it is a soft pull that will not touch your score; larger amounts may get a brief review.
File with BrightRidge
Submit the executed bond to BrightRidge in place of the cash deposit on your account. Wet-ink originals mailed whenever BrightRidge insists.
What it is and who needs it.
What the utility deposit bond actually covers
BrightRidge — chartered as the Johnson City Energy Authority and formerly known as the Johnson City Power Board — is a municipally owned electric distributor and local power company of the Tennessee Valley Authority (TVA), serving Washington County and parts of Sullivan, Carter, and Greene counties in Northeast Tennessee. Under its published Rules and Regulations, BrightRidge can require a deposit or other security before supplying, restoring, or continuing electric service, following a credit check by a national credit bureau.
For a residential account, the deposit is a flat figure that depends on the credit outcome. For a commercial or industrial account, BrightRidge's standard deposit is twice the highest estimated monthly bill for the location, and it can also be triggered by a move, an expansion of electrical load, or an additional service location. Rather than post that full amount in cash, BrightRidge's rules let a customer substitute an irrevocable letter of credit or a surety bond from a BrightRidge-approved surety, written for the same deposit figure.
The bond is a payment guarantee, not insurance for you: it names BrightRidge as obligee and stands behind the customer's unpaid electric charges, and if BrightRidge draws on it, the customer repays the surety. BrightRidge's own bond form requires the surety to give BrightRidge and the customer 60 days' written notice before letting the bond lapse or expire, and if it does lapse, BrightRidge will bill the customer the full cash-deposit amount instead. Enter the deposit figure BrightRidge set and your exact price appears at the application, priced from a $100 minimum with no credit information collected.
You need this bond if you are
One application, issued instantly.
Submit the application with the deposit amount BrightRidge set — the executed bond is generated as soon as you pay, ready to file in lieu of the cash deposit.
Start the application →Common questions.
Other Tennessee bonds.
Utility deposit bond, issued today.
Premiums from $100 — your exact price appears at the application. Enter the deposit BrightRidge set and file the same day.