Southern California Gas 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.
Businesses establishing gas services with the Southern California Gas Company (SoCalGas) may be required to post a surety bond to satisfy security deposit requirements. Required by SoCalGas, the Southern California Gas company utility deposit bond guarantees all utility invoices and fees are paid and protects the company against financial loss due to non-payment.
Cost of a Southern California Gas Company Utility Deposit Bond
The cost of a SoCalGas Utility Deposit Bond is 2% of the required bond amount. SoCalGas determines the required bond amount based on your estimated gas usage. For example, a $10,000 bond costs $200 per year. Buy your bond now from NNA Surety.
How the Southern California Gas Company Utility Deposit Bond Works
This California surety bond is a three-party agreement between:
- Principal: Business seeking gas services
- Obligee: Southern California Gas Company
- Surety: Bonding company
If you default on your gas utility payments, SoCalGas can file a claim against the bond to recover outstanding amounts up to the full bond value. You remain personally liable and must reimburse NNA Surety for any claims paid.
The bond stays active for as long as SoCalGas requires the deposit substitute, which is typically until you establish a satisfactory payment history.
How to Get Your Southern California Gas Company Utility Deposit Bond
Follow these steps to secure the Southern California Gas company utility deposit bond with NNA Surety:
- Complete this online application with your business details.
- Receive a free quote and pay the premium.
- Receive the surety bond by email.
- Submit your bond to Southern California Gas Company.
Get Your Southern California Gas Company Utility Deposit Bond
NNA Surety helps California businesses unlock gas easily with a surety bond. With responsive customer support and strong relationships with top-rated bond carriers, we make the bonding process simple and fast. Apply today and protect your cash flow while meeting SoCalGas' requirements.