Lewisburg Electric System deposit bonds.
2% of bond amount, $100 min. Enter your amount.
When Lewisburg Electric System (LES) requires a General Service (commercial) account with a demand over 50 kW to post a security deposit, LES's Schedule of Rules and Regulations accepts a surety bond instead of cash, as long as the bond includes a 90-day cancellation notice. LES caps the deposit at twice your average monthly bill; the bond premium runs 2% of the bond amount, $100 minimum, priced at application.
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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 LES. Here is the whole thing:
Apply online
Your business details, the deposit amount LES quoted, and the effective date — that is the entire application.
Issued
The application collects no credit information, and most applications approve instantly. Larger deposit amounts may get a brief underwriter review — if a check ever runs, it is a soft pull that will not touch your score.
File with LES
Submit the executed bond to Lewisburg Electric System in place of the cash deposit. Wet-ink originals mailed whenever LES insists on them.
What it is and who needs it.
What the LES bond in lieu of deposit actually does
Lewisburg Electric System (LES) is the municipally owned electric distributor serving Lewisburg, Tennessee. Under its Schedule of Rules and Regulations, LES requires a security deposit before it will serve a new General Service (commercial, Rate Schedule GSA) account, to secure payment of future bills.
The deposit is a maximum of twice the average bill of the previous 12 months at that location — or, for a new account without billing history, an estimate based on accepted engineering practices and the entrance capabilities of the equipment. LES's rule accepts a surety bond in lieu of that cash deposit for a General Service customer whose demand exceeds 50 kW, provided the bond document includes a 90-day cancellation notice — waived once the account is disconnected and the final bill is paid. Customers with a demand of 500 kW or more must also sign a separate power contract with LES.
Residential accounts (Rate Schedule RS) may satisfy their deposit only with cash — the bond option is for General Service accounts above the 50 kW threshold. Enter the deposit figure LES quoted; the premium runs 2% of the bond amount, $100 minimum, and the application collects no credit information.
You need this bond if you are
One application, issued instantly.
Submit the application with the deposit amount LES quoted — the executed bond is generated instantly, ready to file in place of cash.
Start the application →Common questions.
Other Tennessee bonds.
Keep your cash. Post the bond instead.
Premiums run 2% of the bond amount, $100 minimum. Enter the deposit LES quoted and file the same day. Free until issued.