California Pacific Gas and Electric Company (PGE) Utility Deposit Bond
Bond Requirements & Flat Rates
| Bond Amount Required | Bond Term | Annual Premium |
| Varies | 1 year | 2% of the bond amount |
Example: A $10,000 bond costs $200 per year.
- Important: If your utility company requires an original, wet-signed bond, NNA Surety will mail the original bond form directly to you after your purchase.
Businesses in California seeking gas and electric service may be required to provide a financial guarantee in place of a cash deposit when establishing utility accounts. Required by Pacific Gas and Electric Company (PG&E), this bond ensures timely payment of utility bills and protects the utility provider from financial loss due to non-payment.
Cost of a California Pacific Gas and Electric Company (PGE) Utility Deposit Bond
The cost of a California Pacific Gas and Electric Company Utility Deposit Bond is 2% of the required bond amount. For most commercial accounts, the bond amount is generally calculated as twice the average monthly utility bill. For certain risk profiles or agricultural accounts, the required bond amount may be up to three times the estimated monthly bill. For example, a $10,000 bond costs $200 per year. Buy now to activate your utility service.
Why You Need a Pacific Gas and Electric Company Utility Deposit Bond
A California Pacific Gas and Electric Company utility deposit bond allows businesses to meet deposit requirements without tying up capital. It guarantees payment for gas and electric services while helping maintain cash flow.
This surety bond involves three parties:
- Principal: Business requesting utility service
- Obligee: Pacific Gas and Electric Company (PG&E)
- Surety: Bonding company
If the business fails to pay its utility bills, a claim may be filed against the bond. The surety may compensate PG&E up to the bond amount, and the business is responsible for reimbursing the surety for any claims paid.
How to Get a California Pacific Gas and Electric Company (PGE) Utility Deposit Bond
Follow these simple steps to get bonded:
- Complete this online application with your business information.
- Receive a quote based on your required bond amount.
- Pay the premium to activate the bond.
- Download your bond and submit it to PG&E to establish service.
Get Your California Pacific Gas and Electric Company (PGE) Utility Deposit Bond
NNA Surety makes it easy to get bonded with a streamlined application and fast processing. Get your California Pacific Gas and Electric Company utility deposit bond today by completing this form. Contact our team for more information.