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Louisiana Utility Deposit Bond

How much does a utility service bond cost in Louisiana?

Certain utility service providers in Louisiana require customers to post surety bonds in lieu of cash deposits. Bond amounts vary on a case-by-case basis, so applicants should verify their required amount of bond coverage with their utility company prior to bonding.

Because the required bond amount and, therefore, the price of this bond can fluctuate so much, our experts recommend submitting a bond request to begin the bonding process. You’ll be connected with a surety specialist who will walk you through our fast and easy bonding process.

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Cleco Power, LLC Bond Varies Starts at 1% 5-9% 10%+ Apply Now
Entergy Gulf States Louisiana, LLC, Bond Varies Starts at 1% 5-9% 10%+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

The experts at SuretyBonds.com can help you with all of your Louisiana utility bonding needs - whether your bond type is listed above or not. For more information, or if you’re ready to purchase your utility bond quickly, easily and accurately, call 1 (800) 308-4358 or submit a bond request now.

Why do I need this bond?

Utility deposit bonds in Louisiana are put in place to ensure that principals (utility customers) pay their utility bills on time and in full. If a customer accrues a balance for utility services received, the bond protects the utility company from financial loss up to the full amount of the bond. The principal, in turn, must reimburse the surety for all damages paid out.

SuretyBonds.com makes purchasing the Louisiana surety bond you need fast and easy. Apply for your free, no-obligation bond quote!

What’s the fine print?

The fine print on utility deposit surety bonds in Louisiana vary from utility company to utility company. Applicants should be sure they understand the terms of their bond agreement during the bonding process.

Entergy Gulf States Louisiana bonds must be in an amount of at least $2,000. The bond must be issued for a term of at least 1 year. The utility company can cancel the bond by giving written notice of cancellation at least 60 days prior to the effective termination date.

Cleclo Power bonds can be canceled by the surety if the surety mails a written notice of termination via certified U.S. mail to the utility company at least 30 days prior to the effective termination date.

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Additional Resources

Cleco Power

Entergy Gulf States Louisiana

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