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Texas Utility Bonds
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.
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 Limit | Cost |
|---|---|
| $5,000 | $100 |
| $10,000 | $200 |
| $15,000 | $300 |
| $20,000 | $400 |
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.
| Utility | Address |
|---|---|
| AEP Southwestern Electric Power | Southwestern Electric Power Company PO Box 371496 Pittsburgh, PA 15250-7496 |
| Atmos Energy Corporation | Atmos Energy Attn: Collections 5430 LBJ Freeway, Suite 400 Dallas, TX 75240 |
| City of Dallas Water Utilities Department | Dallas City Hall Water Utilities Department 1500 Marilla St, Room 4A North Dallas, TX 75201 |
| City of Fort Worth Water Department | City of Fort Worth Water Department Attn: Customer Support Supervisor PO Box 870 Fort Worth, TX 76102 |
| City of Houston Water | City of Houston, Public Work and Engineering 4200 Leeland Houston, TX 77023 |
| City of Mesquite | Water and Sewer Accounting 757 North Galloway Ave Mesquite, TX 75149 |
| City of San Antonio City Public Service (CPS) Board | CPS Energy Business Center Section PO Box 1771 San Antonio, TX 78296 |
| El Paso Electric Company | El Paso Electric PO Box 982 El Paso, TX 79960 |
| Entergy Texas, Inc | Entergy Texas Inc Attn: Collection Department 4809 Jefferson Hwy, Mail Unit L-JEF-359 New Orleans, LA 70121 |
| Magnolia Electric Power Association | Magnolia Electric Power Association PO Box 747 McComb, MS 39649 |
| Reliant Energy Retail, Inc | Reliant PO Box 3765 Houston, TX 77253-3765 |
| TXU Energy Retail Company LLC | TXU Energy Retail Company LLC Attn: Credit and Collections PO Box 650764 Dallas, TX 75265-0764 |
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 [email protected] 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.
