Utah utility deposit bonds.
From $125.
Opening or keeping a Utah business electric account with Rocky Mountain Power can require a security deposit — and the company's Commission-approved tariff lets you post a surety bond instead of tying up cash. Rocky Mountain Power sets the amount for your account; premiums cost 2% of the bond amount plus a $25 fee, $125 minimum.
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How much does a Utah utility deposit bond cost?
2% of the bond amount plus a $25 fee, from $125. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Rocky Mountain Power told you the deposit amount — this replaces the cash. Enter it, pay, and send the executed bond to the company. Here is the whole thing:
Apply online
Your business details, the deposit amount Rocky Mountain Power specified on your account notice, and the effective date. That is the application. No credit check up to $15,000.
Pay & e-sign
Your price is final at checkout — 2% of the bond amount plus a $25 fee, with a $125 minimum. No credit check up to $15,000, so most applicants approve instantly.
Send it to Rocky Mountain Power
Your executed bond and power of attorney arrive by email, ready to submit to Rocky Mountain Power in place of the cash deposit on your account. Wet-ink original mailed on request.
What it is and who needs it.
What the utility deposit bond actually guarantees
Rocky Mountain Power, the PacifiCorp division serving Utah electric customers, can require a security deposit from a business account under its Utah tariff — Electric Service Schedule No. 300 — which is itself filed with and approved by the Public Service Commission of Utah. The tariff caps a non-residential deposit at the estimated average 90-day bill at the premise.
Instead of parking that cash with the utility for the life of the account, a business can post a surety bond for the same amount. It is a three-party arrangement: you (the principal), the surety carrier, and Rocky Mountain Power (the obligee). If you leave an unpaid electric bill the deposit was meant to secure, Rocky Mountain Power can draw on the bond to cover it — and if the surety pays, you repay the surety.
It is not insurance for you, and it does not tie up your working capital the way a cash deposit does. Rocky Mountain Power sets the dollar figure for your specific account based on your billing history and class of service; enter that figure and we price the bond from a $100 minimum, with no credit check up to $15,000 in the application.
You need this bond if you're
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
Pay & e-sign. Your price is final at checkout — 2% of the bond amount plus a $25 fee, with a $125 minimum. No credit check up to $15,000, so most applicants approve instantly.
What sets the price
The premium is 2% of the bond amount plus a $25 fee, $125 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.
These are the actual issuing fields. No credit check up to $15,000.
Start the application →Common questions.
Other Utah bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Free up your deposit cash today.
Enter the amount Rocky Mountain Power set, pay, and send the executed bond to the utility the same day. Free until issued.