Southern California Edison Company 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.
Commercial and industrial businesses establishing or maintaining electric service with Southern California Edison (SCE) may be required to get a surety bond to satisfy the security deposit requirement. Required by the SCE, the SCE company utility deposit bond ensures customers fulfill their payment obligations for electricity usage and protects the company from financial loss due to non-payment.
Cost of a Southern California Edison Utility Deposit Bond
The cost of a Southern California Edison Utility Deposit Bond is 2% of the required bond amount. Southern California Edison determines the bond amount based on twice your estimated average monthly utility bill or your highest monthly bill from the previous 12 months. For example, a $10,000 bond costs $200 per year. Get your bond from NNA Surety and use it today.
How the Southern California Edison Utility Deposit Bond Works
This California bond is a three-party agreement between:
- Principal: Business seeking electrical services
- Obligee: Southern California Edison Company
- Surety: Bonding company
If you fail to pay your utility bills, SCE can file a claim against the bond to recover outstanding amounts up to the full bond amount. You remain financially responsible and must reimburse the surety for any paid claims.
The bond remains in effect until canceled with 30 days' written notice required for cancellation by either party. SCE may waive the bond requirement after 12 consecutive months of on-time payments.
How to Get Your Southern California Edison Company Utility Deposit Bond
Follow these steps to secure your SCE company utility deposit bond:
- Complete this simple online application with your business information.
- Get a free quote instantly and pay the premium.
- Receive your bond by email.
- Submit your bond to Southern California Edison.
Get Your SCE Company Utility Deposit Bond From NNA Surety
NNA Surety makes it fast and easy for businesses to satisfy SCE's bonding requirements without tying up capital in a large cash deposit. With more than 60 years of nationwide bonding expertise and competitive premium rates, we get you bonded and ready to go. Apply now and keep your cash flow where it belongs.