Jackson Energy Authority deposit bonds.
From $100.
Jackson Energy Authority lets an applicant for gas or electric service in Jackson and Madison County post a surety bond instead of tying up cash as a security deposit, for the same amount. JEA sets the deposit figure. The premium is 2% of the bond amount, $100 minimum.
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How much does a Jackson Energy Authority 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 file with JEA. Here is the whole thing:
Apply online
Your account or business details, the deposit amount JEA set, and the effective date — that is the application.
Issued on the spot
Most applicants have the bond generated as soon as they pay, no waiting. No credit check up to $15,000. Above $15,000, a soft pull may add a short review.
File with JEA
Submit the executed bond to Jackson Energy Authority in place of the cash deposit on your account. Wet-ink originals mailed whenever the Authority insists.
What it is and who needs it.
What the utility deposit bond actually covers
When you apply for gas or electric service with Jackson Energy Authority, the municipal utility serving the City of Jackson and surrounding Madison County, it can require a security deposit before turning on service — for non-residential accounts, JEA sizes the deposit to roughly two and a half times the estimated monthly bill, capped at twice the highest monthly bill. Rather than leave that cash on deposit with the Authority, JEA accepts a surety bond, an irrevocable letter of credit, or a jointly held certificate of deposit in place of cash.
The bond is a payment guarantee in lieu of the cash deposit: it stands behind the gas and electric charges on your account. If the account goes unpaid and the deposit would have covered it, JEA can recover against the bond instead of drawing down a cash deposit.
It is not insurance for you — if the surety pays JEA, you repay the surety. The advantage is cash flow: you pay a small premium — from $100 — rather than locking up the full deposit amount for the 12 to 24 months JEA typically holds it. Enter the figure JEA set on your account notice and your exact price appears at the application.
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
File with JEA. Submit the executed bond to Jackson Energy Authority in place of the cash deposit on your account. Wet-ink originals mailed whenever the Authority insists.
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 on the spot.
Submit the application with the deposit amount JEA set — the executed bond is generated instantly, ready to file in lieu of the cash deposit.
Start the application →Common questions.
Other Tennessee bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Utility deposit bond, issued today.
Premiums from $100 — your exact price appears at the application. Enter the deposit JEA set and file the same day.