Dominion Energy deposit bonds.
2% of the bond amount.
Virginia Electric and Power Company, doing business as Dominion Energy Virginia, can require a business customer to post a security deposit before it will furnish electricity without one. Dominion’s own bond form lets the customer post a surety bond for the same amount instead — Dominion is named directly as obligee. 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 deposit bond — enter your amount, pay, and deliver to Dominion Energy Virginia. Here is the whole thing:
Apply online
Your business details, the deposit amount Dominion set, and the effective date — that is the entire application.
Issued on the spot
The bond issues the moment you pay — no credit review of any kind, not even a soft pull.
Deliver to Dominion Energy Virginia
Submit the executed bond, signed and sealed on Dominion’s own bond form, to satisfy your deposit requirement. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
Virginia Electric and Power Company, doing business as Dominion Energy Virginia, is the investor-owned electric utility serving most of the Commonwealth outside Appalachian Power’s territory. It can require a business customer to post a security deposit before electricity is furnished, and it publishes its own Surety Bond – Electric Services form so a customer can post a bond instead of tying up cash.
On that form, Dominion is bound directly as Obligee: the principal and surety are jointly and severally bound to pay Dominion for electricity furnished without the usual cash deposit. If the account is closed with an unpaid balance, Dominion can recover against the bond up to its face amount, rather than against a cash deposit it would otherwise hold.
It is not insurance for you — if the surety pays Dominion, you repay the surety. The advantage is cash flow: you pay a small premium instead of locking up the full deposit with the utility. Enter the figure Dominion set and see your exact price — the bond issues the moment you pay, with no credit review of any kind.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount Dominion Energy Virginia set — the executed bond is generated instantly, ready to deliver.
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 Dominion Energy Virginia set and deliver the executed bond the same day.