Texas Utility Bonds

Texas Utility Deposit Bond

It is common for utility companies in Texas to require a form of deposit, which can include a Utility Payment Bond from their customers before entering into a service agreement. The bond is typically used to guarantee that the utility companies will receive payment for the services they have already provided, whether that is water, electric, sewer or garbage.

VIEW YOUR BOND PRICE

Buy your Texas Utility Bond with Jet to get your bond quickly and be ready to receive service!

What Is the Lowest Price for Utility Bonds?

Jet offers Texas Utility Bonds for as low as $100, depending on credit rates and what amount you need to hold the bond in. A soft credit check is used to determine eligibility for rates. See the chart below for what a bond may be offered for at different bond limits.

Bond LimitCost
$5,000$100
$10,000$200
$15,000$300
$20,000$400
Texas Utility Deposit Bond Rates

Utility Deposit Bonds are usually based on an average monthly utility bill and may need to be held in one-, two-, or three-month increments. Utility companies have their own calculations for deposits and subsequently, the bond limits that would be filed instead of the deposits.

The Process for Buying a Utility Bond With Jet

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Applying with Jet couldn’t be easier! Simply click the button above to get started filling out required information, like which utility company you are trying to get services from, the amount needed for your bond, and other account information. Since quotes are dependent on a soft credit check, your social security number will also be needed if the bond limit required is more than $20,000.

After you are done with the application, you will be taken to a page with an approved bond quote, ready for you to purchase. After payment, Jet will send you an emailed copy of your bond and a receipt for your records. 

The bond may need to be received before service can be initiated or, in some cases, the utility company will allow up to 30 days to deliver the bond from the day that service begins. Please be aware of when you need to file your bond to prevent the cancellation of your service. 

Jet will send you the bond form with all fields completed except for your signature. You will need to sign and file the Utility Bond with the utility company you are receiving services from, mailing it to the corresponding address listed below.

UtilityAddress
AEP Southwestern Electric PowerSouthwestern Electric Power Company
PO Box 371496
Pittsburgh, PA 15250-7496
Atmos Energy CorporationAtmos Energy
Attn: Collections
5430 LBJ Freeway, Suite 400
Dallas, TX 75240
City of Dallas Water Utilities DepartmentDallas City Hall
Water Utilities Department
1500 Marilla St, Room 4A North
Dallas, TX 75201
City of Fort Worth Water DepartmentCity of Fort Worth
Water Department
Attn: Customer Support Supervisor
PO Box 870
Fort Worth, TX 76102
City of Houston WaterCity of Houston,
Public Work and Engineering
4200 Leeland
Houston, TX 77023
City of MesquiteWater and Sewer Accounting
757 North Galloway Ave
Mesquite, TX 75149
City of San Antonio City Public Service (CPS) BoardCPS Energy
Business Center Section
PO Box 1771
San Antonio, TX 78296
El Paso Electric CompanyEl Paso Electric
PO Box 982
El Paso, TX 79960
Entergy Texas, IncEntergy Texas Inc
Attn: Collection Department
4809 Jefferson Hwy, Mail Unit L-JEF-359
New Orleans, LA 70121
Magnolia Electric Power AssociationMagnolia Electric Power Association
PO Box 747
McComb, MS 39649
Reliant Energy Retail, IncReliant
PO Box 3765
Houston, TX 77253-3765
TXU Energy Retail Company LLCTXU Energy Retail Company LLC
Attn: Credit and Collections
PO Box 650764
Dallas, TX 75265-0764
Texas Utilities

Bonds are typically held by the utility company in 1-year intervals (the CPS Energy Bond is held in 2-year terms) and may need to be renewed as long as the utility company requires a deposit bond. Jet will send you a renewal notice on the anniversary of your bond through mail and email; simply fill out the renewal notice and make payment to continue your bond.

Some companies require a deposit during the entire time they are providing service to you, others will waive the deposit/bond requirement once you satisfy certain requirements. A utility company will commonly use a 12-month period of on-time payments to measure whether you can be trusted to pay your bills and are able to forgo the bond.

Once you no longer need the bond, email Jet at bonddept@jetsurety.com to process your cancellation. We will have to notify the utility company (which will begin the 30-60 day cancellation process).

How Does a Customer Avoid Utility Bond Claims?

The good news is that it is extremely simple to avoid a bond claim (that you will end up paying in the long run anyways) — just make sure that you pay your utility bills on time! Utility Deposit Bonds are used to prevent the utility company from losing money when providing electric, water, sewer, internet, or whatever kind of service they offer; the bond acts as a backup payment if the customer fails to pay the utility bill in a timely manner. 

If you are not paying your bills to the utility company, they can file a claim on the bond to recover damages covered by the bond. A claim may be filed due to some miscommunication when you have actually made payment, but it would be easy to determine whether the claim is valid by providing evidence of bank statements or other records of payment. 

A claim that is found to be legitimate will be paid out by Jet, but this doesn’t excuse you from responsibility. You will need to repay Jet the amount that was paid out from the bond.

Texas Utility Deposit Bond Form

Notary Bond Application:

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: