Lewisburg Electric System deposit bonds.
From $100.
Lewisburg Electric System (LES) accepts a surety bond instead of a cash security deposit from a General Service (commercial) account with a demand over 50 kW. LES caps the deposit at twice your average monthly bill. The premium is 2% of the bond amount, $100 minimum.
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How much does a Lewisburg Electric System 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 LES. Here is the whole thing:
Apply online
Your business details, the deposit amount LES quoted, and the effective date — that is the application.
Issued
No credit check up to $15,000, and most applications approve instantly. Larger deposit amounts may get a brief underwriter review.
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 no credit check up to $15,000.
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 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 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 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.
Price and requirements checked on the carrier’s application, . Page updated .
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.