Oak Ridge gas deposit bonds.
2% of bond amount, $100 min. Enter your amount.
When the Oak Ridge Utility District asks a commercial or industrial customer for a natural-gas service deposit, you can post a surety bond in lieu of cash. The District sets the amount; the premium is 2% of the bond amount, $100 minimum, and your exact price appears at the application. Keeps your working capital instead of leaving it on deposit.
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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 the District. Here is the whole thing:
Apply online
Your business details, the deposit amount the District required, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information, and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
File with the Oak Ridge Utility District
Submit the executed bond to the District in place of the cash deposit. Wet-ink originals mailed whenever the District insists on them.
What it is and who needs it.
What the utility deposit bond actually does
The Oak Ridge Utility District supplies natural gas to customers in and around Oak Ridge, Tennessee. Like most utilities, it can require a service deposit from commercial, industrial, or higher-risk customers as security against unpaid gas bills.
Rather than leave that cash on deposit with the District, you can post a surety bond for the same amount. The bond guarantees the District that your gas bills will be paid — if you default, the District can recover the unpaid balance against the bond, up to the penal sum.
It is not insurance for you — if the surety pays the District, you repay the surety. The advantage is cash flow: you pay a premium from $100 instead of tying up the full deposit amount. Enter the figure the District set — the application collects no credit information, and most applications approve instantly.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount the District set — the executed bond is generated instantly, ready to file in place of cash.
Start the application →Common questions.
Other Tennessee bonds.
Gas deposit bond, issued today.
Premium is 2% of the bond amount, $100 minimum. Enter the amount the District required and file the same day.