Humboldt Utilities deposit bonds.
From $100. Enter your amount.
Humboldt Utilities, the municipal electric, gas, and water system serving Humboldt, Tennessee, requires a security deposit to open new service — commercial new-service deposits total $300 (electric $150, water $50, gas $100) — and its guidelines let a commercial customer provide a Letter of Credit, Surety Bond, or Certificate of Deposit in place of that cash deposit. Pricing on the bond is 2% of the bond amount, $100 minimum, so your exact price appears at the application.
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Apply to filed in one sitting.
No long underwriting queue for the standard utility deposit bond — enter your amount, pay, and deliver to Humboldt Utilities. Here is the whole thing:
Apply online
Your business details, the deposit amount Humboldt Utilities set for your account, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information, and most applicants issue instantly. Larger amounts may get a quick review.
Deliver to Humboldt Utilities
Submit the executed bond to Humboldt Utilities to satisfy the deposit requirement on your electric, gas, or water account. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
Humboldt Utilities serves roughly 4,400 customers in and around Humboldt, Tennessee with electric, gas, water, and wastewater service. Its New Service Requirements set a standard new-service deposit of $150 for electric, $50 for water, and $100 for gas ($300 total) for residential and commercial accounts alike — and, for a commercial customer, the guidelines state: "in lieu of cash deposit, a commercial customer may choose to provide a Letter of Credit, Surety Bond, or a Certificate of Deposit (CD) made to the customer AND Humboldt Utilities."
The bond is a guarantee to Humboldt Utilities that your charges will be paid. If the account goes unpaid and is closed with a balance owed, the utility can recover against the bond up to the deposit amount, rather than against cash it would otherwise hold.
It is not insurance for you — if the surety pays Humboldt Utilities on a claim, you repay the surety. Enter the deposit figure Humboldt Utilities set for your account and your exact price appears at the application, from a $100 minimum, with no credit information collected.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount Humboldt Utilities set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Tennessee bonds.
Humboldt Utilities deposit bond, issued today.
Pricing from $100. Enter the deposit Humboldt Utilities set and deliver it the same day.