WI We Energies deposit bonds.
2% of the bond amount.
Instead of tying up cash as a security deposit with We Energies — the trade name for Wisconsin Electric Power Company and Wisconsin Gas LLC, the electric and natural-gas utility serving Milwaukee and much of southeastern Wisconsin — an applicant for new, reinstated, or credit-flagged service can post a surety bond for the same amount instead. We Energies sets the deposit figure on your account; the premium is 2% of the bond amount, $100 minimum, and the application collects no credit information. Enter your amount in the calculator below for your exact price.
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Apply to filed in one sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and file with We Energies. Here is the whole thing:
Apply online
Your account or business details, the deposit amount We Energies set, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information, and most applicants have the bond generated as soon as they pay. Larger deposit amounts may get a quick review; if a check ever runs, it is a soft pull that never touches your score.
File with We Energies
Submit the executed bond to We Energies in place of the cash deposit on your account. Wet-ink originals mailed whenever the utility insists.
What it is and who needs it.
What the utility deposit bond actually covers
When you apply for, reinstate, or hold a We Energies electric or natural-gas account, the utility can require a security deposit — generally sized to your estimated usage or recent billing history, and more likely after a history of late payment or a new account without an established credit record. Wisconsin regulated utilities operate under Public Service Commission of Wisconsin oversight of customer service practices, including deposit requirements; rather than leave cash sitting with the utility, We Energies accepts a surety bond for the same amount in place of the cash.
The bond is a payment guarantee in lieu of the cash deposit: it stands behind the electric or gas charges on your account. If the account goes unpaid and the deposit would have covered it, We Energies can recover against the bond instead of drawing down a cash deposit.
It is not insurance for you — if the surety pays We Energies, you repay the surety. The advantage is cash flow: you pay a small premium, 2% of the bond amount with a $100 minimum, rather than locking up the full deposit amount for the length of the deposit period. Enter the figure We Energies set on your account notice and your exact price appears at the application.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount We Energies set — the executed bond is generated instantly, ready to file in lieu of the cash deposit.
Start the application →Common questions.
Other Wisconsin bonds.
Utility deposit bond, issued today.
Premiums from $100 — your exact price appears at the application. Enter the deposit We Energies set and file the same day.