Union City utility deposit bonds.
2% of bond amount, $100 min. Enter your amount.
When the Union City Energy Authority asks a commercial or industrial customer for a utility service deposit, you can post a surety bond in lieu of cash. The Authority 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 Authority. Here is the whole thing:
Apply online
Your business details, the deposit amount the Authority 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 Union City Energy Authority
Submit the executed bond to the Authority in place of the cash deposit. Wet-ink originals mailed whenever the Authority insists on them.
What it is and who needs it.
What the utility deposit bond actually does
The Union City Energy Authority is the municipal utility serving Union City, Tennessee. Like most utilities, it can require a service deposit from commercial, industrial, or higher-risk customers as security against unpaid utility bills.
Rather than leave that cash on deposit, you can post a surety bond for the same amount. The bond guarantees the Authority that your bills will be paid — if you default, the Authority can recover the unpaid balance against the bond, up to the penal sum.
It is not insurance for you — if the surety pays the Authority, you repay the surety. The advantage is cash flow: you pay a premium from $100 instead of tying up the full deposit. Enter the figure the Authority 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 Authority set — the executed bond is generated instantly, ready to file in place of cash.
Start the application →Common questions.
Other Tennessee bonds.
Utility deposit bond, issued today.
Premium is 2% of the bond amount, $100 minimum. Enter the amount the Authority required and file the same day.