Chattanooga Gas deposit bonds.
From $100. Enter your amount.
Instead of paying cash as a security deposit to Chattanooga Gas Company — the Spire Energy natural gas utility serving the Chattanooga area — an applicant for gas service can post a surety bond for the same amount. The premium on the bond is 2% of the bond amount, $100 minimum; enter the deposit figure Chattanooga Gas set for your account below for your exact price.
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Apply to filed in one sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and file with Chattanooga Gas. Here is the whole thing:
Apply online
Your account or business details, the deposit amount Chattanooga Gas set, and the effective date — that is the entire application.
Issued on the spot
Most applicants have the bond generated as soon as they pay, no waiting. The application collects no credit information; if a check ever runs on a larger amount, it is a soft pull that never touches your score.
File with Chattanooga Gas
Submit the executed bond to Chattanooga Gas in place of the cash deposit on your account. Wet-ink originals mailed whenever the utility insists.
What it is and who needs it.
What the utility deposit bond actually covers
When you apply for, reinstate, or hold a Chattanooga Gas Company natural gas account, the utility — a Spire Energy operating company serving the Chattanooga metro area — can require a security deposit as a condition of service. Rather than leave that cash sitting with the utility, Chattanooga Gas accepts a surety bond for the same amount in place of the cash.
The bond is a payment guarantee in lieu of the cash deposit: it stands behind the gas charges on your account. If the account goes unpaid and the deposit would have covered it, Chattanooga Gas can recover against the bond instead of drawing down a cash deposit.
It is not insurance for you — if the surety pays Chattanooga Gas, you repay the surety. The advantage is cash flow: you pay a small premium — from $100 — rather than locking up the full deposit amount. Enter the figure Chattanooga Gas set on your account notice and your exact price appears at the application.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount Chattanooga Gas set — the executed bond is generated instantly, 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 Chattanooga Gas set and file the same day.