MLGW utility deposit bonds.
From $100.
Memphis Light, Gas and Water (MLGW) — the municipal utility serving Memphis and Shelby County — can require a deposit to open or hold an electric, gas, or water account, and it accepts a surety bond in place of tying up cash. Pricing is 2% of the bond amount, $100 minimum, so your exact price appears at the application.
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How much does an MLGW utility 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 deliver to MLGW. Here is the whole thing:
Apply online
Your business details, the deposit amount MLGW set, and the effective date — that is the application.
Issued on the spot
No credit check up to $15,000, and most applicants issue instantly. Above $15,000, a soft pull may add a short review.
Deliver to MLGW
Submit the executed bond to Memphis Light, Gas and Water to open or release the hold on your account. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
Memphis Light, Gas and Water (MLGW) is the largest three-service municipal utility in the country, providing electric, natural gas, and water to Memphis and Shelby County. Like most utilities, it can require a deposit to open a new account — especially for commercial customers — and it accepts a surety bond instead of cash.
The bond is a guarantee to MLGW that your utility charges will be paid. If the account goes unpaid and is closed with a balance owed, MLGW can recover against the bond up to the deposit amount — rather than against a cash deposit it would otherwise hold.
It is not insurance for you — if the surety pays MLGW, you repay the surety. The advantage is cash flow: you pay a small premium instead of locking up the full deposit with the utility. Enter the figure MLGW set and see your exact price — 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
Deliver to MLGW. Submit the executed bond to Memphis Light, Gas and Water to open or release the hold on your account. Wet-ink originals mailed on request.
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 MLGW set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Tennessee bonds.
Price and requirements checked on the carrier’s application, . Page updated .
MLGW deposit bond, issued today.
Pricing from $100. Enter the deposit MLGW set and deliver it the same day.