Dominion Energy deposit bonds.
From $100.
Virginia Electric and Power Company, doing business as Dominion Energy Virginia, can require a business customer to post a security deposit for electric service. Dominion’s own bond form accepts a surety bond for the same amount instead, naming Dominion as obligee. Pricing is 2% of the bond amount, $100 minimum.
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How much does a Dominion Energy deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. 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 application.
Issued on the spot
The bond issues the moment you pay — no credit check up to $15,000.
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 check up to $15,000.
You need this bond if you are
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
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 sets the price
The premium is 2% of the bond amount, $100 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 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.
Price and requirements checked on the carrier’s application, . Page updated .
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.