Columbia Gas of Virginia deposit bonds.
2% of the bond amount.
Columbia Gas of Virginia, the natural-gas utility serving much of the Commonwealth, can require a commercial or industrial customer that has not established acceptable creditworthiness to post a security deposit or other financial assurance under its State Corporation Commission-approved tariff — and the tariff lets the customer satisfy that with a surety bond instead of tying up cash. Pricing is 2% of the bond amount, $100 minimum. The bond issues the moment you pay — no credit review of any kind, not even a soft pull.
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Apply to filed in one sitting.
No underwriting queue for the standard utility payment bond — enter your amount, pay, and deliver to Columbia Gas of Virginia. Here is the whole thing:
Apply online
Your business details, the deposit or assurance amount Columbia Gas of Virginia set, and the effective date — that is the entire application.
Issued on the spot
No credit fields on this application, and no waiting — the executed bond is generated as soon as you pay.
Deliver to Columbia Gas of Virginia
Submit the executed bond to Columbia Gas of Virginia to satisfy your tariff deposit or financial-assurance requirement. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility payment bond actually does
Columbia Gas of Virginia’s Virginia Tariff, General Terms and Conditions § 7.2(b), lets the company require a commercial or industrial customer on certain rate schedules to establish credit — and, absent an acceptable level of creditworthiness, to post a security deposit or other financial assurance, which the tariff says may be provided through “a letter of credit or other form of surety.”
The bond is a guarantee to Columbia Gas of Virginia that your gas charges will be paid. If your account is closed with an unpaid balance, the utility can recover against the bond up to the deposit amount, rather than against a cash deposit it would otherwise hold. The tariff caps any deposit or surety at your estimated liability for the two highest months of throughput.
It is not insurance for you — if the surety pays Columbia Gas of Virginia, you repay the surety. The advantage is cash flow: a small premium instead of locking up the full deposit with the utility. Enter the figure Columbia Gas of Virginia set and see your exact price — the application collects no credit information.
You need this bond if you are
One application, issued instantly.
These are the actual underwriting fields — no credit section, because this application doesn’t collect credit information at all.
Start the application →Common questions.
Other Virginia bonds.
Free up cash instead of leaving it on deposit.
Rated at 2% of the bond amount, $100 minimum. Enter the figure Columbia Gas of Virginia set and deliver the executed bond the same day. Free until issued.