Wisconsin We Energies deposit bonds.
From $100.
An applicant for new, reinstated, or credit-flagged service with We Energies can post a surety bond instead of tying up cash as a security deposit. The bond is written for the same amount as the deposit We Energies sets on your account. The premium is 2% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does a Wisconsin We Energies 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 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 application.
Issued on the spot
No credit check up to $15,000 for individuals and partnerships (above that, a soft pull at most); for corporations and LLCs, one soft pull at every amount, never a hard inquiry. Larger deposit amounts may get a quick review.
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
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
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 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 for individuals and partnerships (above that, a soft pull at most); for corporations and LLCs, one soft pull at every amount, never a hard inquiry.
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 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.
Price and requirements checked on the carrier’s application, . Page updated .
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.