Shelbyville power deposit bonds.
From $100.
Shelbyville Power, Water and Sewer System (SPWS) lets a General Power account (commercial, industrial, or governmental) post a surety bond instead of a cash deposit. SPWS caps the deposit at roughly twice your highest anticipated monthly bill. The premium is 2% of the bond amount, $100 minimum.
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How much does a Shelbyville power 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 SPWS. Here is the whole thing:
Apply online
Your business details, the deposit amount SPWS required, 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 SPWS
Submit the executed bond to Shelbyville Power, Water and Sewer System in place of the cash deposit. Wet-ink originals mailed whenever SPWS insists on them.
What it is and who needs it.
What the SPWS bond in lieu of deposit actually does
Shelbyville Power, Water and Sewer System (SPWS) is the municipally owned utility board serving Shelbyville, Tennessee, providing electric, water, and sewer service. Its Statement of Policy on Security Deposits lets SPWS require a deposit from a new or higher-risk customer to secure payment of future bills.
For a General Power account — the policy's category for commercial, industrial, governmental, and other non-residential customers — the SPWS Board's policy allows that deposit to be provided by cash, a non-revocable letter of credit from a solvent bank, or a bond executed by a surety company. Residential accounts, by contrast, may satisfy a deposit with cash only.
The deposit amount itself is bounded: SPWS's policy sets a General Power deposit at approximately, and never exceeding, twice the account's highest anticipated or actual monthly bill, and the Board reviews the policy no less often than every five years. Posting a bond for that same figure instead of cash frees up your working capital; 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 SPWS. Submit the executed bond to Shelbyville Power, Water and Sewer System in place of the cash deposit. Wet-ink originals mailed whenever SPWS 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 SPWS set — 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 SPWS set and file the same day. Free until issued.