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Mississippi Utility Bonds

How much does a utility deposit bond cost in Mississippi?

Utility deposit surety bonds in Mississippi are required on a case-by-case basis by various utility companies in lieu of deposits for utility services. If you’ve been told by your utility service provider (listed below or otherwise) that you must post a surety bond to receive utility services, the experts at SuretyBonds.com can help. Applicants should verify their required bond amount with their utility company prior to bonding.

Because these bonds are subject to underwriting, the price you’ll pay for your bond depends not only on your required bond amount but also on a review of your personal credit report. The best way to find out exactly how much you’ll pay is to request a free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Columbus Light and Water Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Prentiss County Electric Power Association Utility Deposit Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Coast Electric Power Association Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Northcentral Mississippi Electric Power Association Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Mississippi Power Company Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Entergy Mississippi, Inc. Utility Bond Varies Starts at 1% 4-8% 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.

Call 1 (800) 308-4358 or submit a bond request to connect with our team of surety bond experts. We can typically provide your free bond quote within 1 business day of submitting your application!

Why do I need this bond?

Utility deposit bonds are required to ensure that principals (utility customers) pay all utility bills on time and in full.

These specific bonds are required by the utility companies, not by Mississippi law. If a customer fails to pay his or her utility bill, the surety will be responsible for compensating the utility company for services rendered. The customer, however, must reimburse the surety for all monies paid out.

Our team of surety bond experts is here to answer any questions you might have about Mississippi utility deposit bonds. Connect with us now!

Additional information about utility bonds

Mississippi utility bonds have different requirements and cancellation clauses that are set by the individual utility companies. Entergy Mississippi, Inc. requires their customers to post minimum 1-year surety bonds in amounts of at least $2,000. These bonds remain continuous unless canceled by the surety. If the surety chooses to cancel the bond, it must mail a written cancellation notice to Entergy Mississippi, Inc. 60 days prior to the cancellation date.

Coast Electric Power Association bonds and Prentiss County Electric Power Association bonds also remain in effect unless canceled. The surety can cancel the bond by mailing written notice of cancellation to the utility company 30 days prior to the effective date of termination.

Mississippi Power Company utility bonds, Northcentral Mississippi Electric Association bonds and Columbus Light and Water utility bonds remain in full force unless canceled by the surety. The surety must mail a 60 day cancellation notice to the utility company to cancel the bond.

Before our team can get you bonded, we must know whether you need utility services for a business or residence as well as the account number given by the utility company.

Ready to get started?

Get a FREE Utility Deposit Bond Quote Today!

Entergy Mississippi, Inc.

Columbus Light and Water

Prentiss County Electric Power Association

Coast Electric Power Association

Northcentral Electric Power Association

Mississippi Power

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