The Pennsylvania Public Utility Bond is required by the Pennsylvania Public Utility Commission. The bond amount is set at $250,000. It states that the bondholder shall faithfully observe and honestly comply with the rules, regulations and statutes that are applicable to an electric generation supplier.
What is the purpose of the Pennsylvania Public Utility Bond?
Individuals wishing to offer, render, furnish, or supply electricity or electric generation services must be licensed. The Public Utility Bond is one of the licensing requirements. The bond ensures the applicant’s financial responsibilities and obligations. It must be maintained the entire time the individual is licensed with the Commonwealth of Pennsylvania.
What are other licensing requirements?
- Completed application form
- Business entity filings and registration
- Proof of service
- Financial records, statements, and ratings
- Supplier funding method
- Broker payment structure
- Completed the Tax Certification Statement
- Technical Fitness
- Proposed Marketing Method
How do I obtain a Pennsylvania Public Utility Bond?
Surety1 will offer the lowest rates available. We have access to the best surety markets available to make this possible. We also offer fast and friendly service from our dedicated staff.
Surety1 can get you a free, no-obligation quote fast. Start the process by completing our easy to navigate, online application form. After that, one of our surety agents will contact you with a firm quote for the bond premium. Next, when you’re ready to proceed, we’ll have you sign some paperwork and pay the premium. Lastly, your Pennsylvania Public Utility Bond will be sent to you by USPS Priority Mail. Overnight delivery is available for an additional fee.
Surety1 has been a premier provider of surety bonds since 2003 and is licensed in all 50 states. The company maintains an A+ rating from the Better Business Bureau and represents over a dozen “A” rated surety bond companies.