Chattanooga EPB deposit bonds.
2% of the bond amount, $100 minimum.
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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Apply to filed in 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 entire application.
Issued
The executed bond is generated as soon as you pay. A soft credit pull may inform pricing on larger amounts and never affects your score.
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
The Electric Power Board of Chattanooga (EPB) — the municipal electric distributor serving Chattanooga and the surrounding area — can require a security deposit on an electric account, typically from a new customer without established local credit history or one restoring service after a disconnection for non-payment. 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
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.
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.