Middle Tennessee Electric deposit bonds.
From $100. Enter your amount.
Instead of tying up cash as a membership deposit with Middle Tennessee Electric (MTE), an applicant for electric service across its Rutherford, Williamson, and surrounding-county territory can post a surety bond for the same figure. MTE sets the deposit amount — usually sized to your estimated or recent usage — and the premium is 2% of the bond amount, $100 minimum; enter your amount in the calculator 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 MTE. Here is the whole thing:
Apply online
Your account or business details, the deposit amount MTE 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 MTE
Submit the executed bond to Middle Tennessee Electric in place of the cash membership deposit on your account. Wet-ink originals mailed whenever the cooperative insists.
What it is and who needs it.
What the utility deposit bond actually covers
Middle Tennessee Electric is a member-owned Tennessee Valley Authority (TVA) power distributor and the largest electric cooperative in the state, serving Rutherford, Williamson, Cannon, Bedford, Coffee, and several other middle-Tennessee counties. Like other electric cooperatives, MTE can require a membership or service deposit before turning on power at a new address — generally sized to estimated or recent usage, and higher after a history of late payment. Rather than leave that cash sitting with the cooperative, MTE 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 electric charges on your account. If the account goes unpaid and the deposit would have covered it, MTE can recover against the bond instead of drawing down a cash deposit.
It is not insurance for you — if the surety pays MTE, 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 MTE 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 MTE 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 MTE set and file the same day.