The Tennessee Utility Bond – Nashville is required by the Electric Power Board of the Metropolitan Government of Nashville and Davidson County. The bond states that the bondholder shall promptly pay for any and all electric service provided by the Electric Power Board.
Who needs a Tennessee Utility Bond – Nashville?
Any commercial customer who has applied for electric service and is required to furnish security for the prompt payment of electric service. In lieu of a cash deposit, applicants may instead post a bond.
What is the bond amount?
The bond amount must be equal to the normal cash deposit with a minimum amount of $1,000. The customer must have the bond for a minimum of three years.
In order to find out the cost of the Tennessee Utility bond, all we need is the completed application. Surety1 has access to the best surety markets available, so we will be able to get you bonded quickly at the best possible price.
Where can I get a Tennessee Utility Bond – Nashville?
Surety1 can easily get you the bond that you need. You can be assured of the lowest rates as we have partnered with over a dozen A-rated surety markets. We have friendly agents who are willing to answer all your queries and give you only the best service.
It is easy to obtain your surety bond. First, complete our free online application form. Next, you’ll receive a no-obligation quote from one of our licensed agents. After that, pay the premium and sign the agreement. Lastly, we will then send your Tennessee Utility Bond – Nashville via USPS Priority Mail. In a hurry, we can ship overnight.
Our quality service has earned us an A+ rating by the Better Business Bureau. We don’t just issue surety bonds in Tennessee but in all other states as well.