Chattanooga EPB deposit bonds.
From $100.
The Electric Power Board of Chattanooga (EPB) accepts a surety bond in place of a cash security deposit on an electric account — commonly required of new customers without established local credit or those restoring service after a late-payment history. EPB sets the deposit figure per account; premiums run 2% of the bond amount, with a $100 minimum.
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How much does a Chattanooga EPB deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and deliver it to EPB. Here is the whole thing:
Apply online
Your account details, the deposit amount EPB required, and the effective date — that is the application.
Issued
The executed bond is generated as soon as you pay. No credit check up to $15,000.
Deliver to EPB
Submit the executed bond to the Electric Power Board of Chattanooga 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
No credit check up to $15,000. Rather than leaving cash on deposit, you can post a utility deposit surety bond for the same amount — EPB is protected, and your money stays in your business.
It is a three-party arrangement: you (the principal), the surety carrier, and EPB (the obligee). If the account goes unpaid, EPB can recover the outstanding balance against the bond, up to the deposit amount it set. EPB’s own bond form stays in effect until canceled, with written notice required before the surety can cancel it.
It is not insurance for you — if the surety pays a claim, you repay the surety. EPB sets the deposit figure per account at application; there is no single published number. We issue the amount EPB names, priced at 2% of the bond amount with a $100 minimum.
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
Deliver to EPB. Submit the executed bond to the Electric Power Board of Chattanooga in place of your cash deposit. 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.
Submit the application with the deposit amount EPB set — the executed bond is generated as soon as you pay, ready to deliver.
Start the application →Common questions.
Other Tennessee bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Bond your deposit, keep your cash.
Premiums at 2% of the bond amount, $100 minimum. Enter EPB’s deposit figure and deliver the same day.