UT utility deposit bonds.
From $125. Enter your amount.
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, and the application collects no credit information.
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Apply to filed in 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 financials, no credit section.
Pay & e-sign
Your price is final at checkout — 2% of the bond amount plus a $25 fee, with a $125 minimum. The application collects no credit information, 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 information collected in the application.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — no credit section, because this application doesn't collect credit information.
Start the application →Common questions.
Other Utah bonds.
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.