Shelbyville power deposit bonds.
2% of bond amount, $100 min. Enter your amount.
When Shelbyville Power, Water and Sewer System (SPWS) asks a General Power account — commercial, industrial, or governmental — to secure service with a deposit, the SPWS Board's Statement of Policy on Security Deposits lets you post a bond executed by a surety company instead of cash. SPWS caps the deposit at roughly twice your highest anticipated monthly bill; the bond premium runs 2% of the bond amount, $100 minimum, and your exact price appears at the application.
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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 SPWS. Here is the whole thing:
Apply online
Your business details, the deposit amount SPWS required, and the effective date — that is the entire application.
Issued
The application collects no credit information, and most applications approve instantly. Larger deposit amounts may get a brief underwriter review — if a check ever runs, it is a soft pull that will not touch your score.
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 the application collects no credit information.
You need this bond if you are
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.
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.