Utility Deposit (Gas) Bond - City of Cartersville, GA in Georgia

Brief Summary

Commercial and industrial gas loads can bring a sizable deposit from the City of Cartersville. A utility deposit bond lets the customer guarantee the gas account through a surety instead of parking cash with the city, when the city accepts one.

The City of Cartersville, Georgia delivers natural gas to residential, commercial and industrial customers through its own gas system. This utility deposit bond guarantees the city that a gas account holder will pay for service, and it is posted in place of a cash gas deposit. The City of Cartersville is the obligee. Electric service is a separate account with its own deposit and its own bond.

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How to Apply for a Utility Deposit (Gas) Bond:

• Call City of Cartersville Customer Service at 770-387-5607 for the gas deposit amount on your account.
• Ask whether a surety bond is accepted in place of cash and get the exact obligee wording.
• Provide the legal name of the account holder exactly as it will appear on the gas account.
• Complete the bond application and review the quoted premium.
• Pay the premium and deliver the signed original bond to the city.

Detailed Information About the Georgia Utility Deposit (Gas) Bond:

Gas and electric are separate bonds

Cartersville operates both a natural gas system and an electric system. A business that takes both may face a deposit on each. This page covers the gas account only. An electric deposit is secured with a separate electric utility deposit bond.

Who usually posts it

The gas deposit bond is most useful to commercial and industrial customers, such as manufacturers, restaurants and other heavy gas users, whose expected usage would produce a large cash deposit. Posting a bond keeps that cash available for the business.

What the bond does

The bond names the City of Cartersville as obligee for the gas account. If the account goes unpaid, the city can claim against the bond. The surety pays up to the bond amount, then collects from the customer. The customer still pays every gas bill.

What to confirm with the city

The deposit amount, whether a bond is accepted in place of cash, and the bond wording come from the City of Cartersville. Call Customer Service at 770-387-5607 and confirm the amount, the exact obligee name and where to deliver the original bond before it is issued.

How the premium is set

Premium is a yearly charge based on the bond amount and the credit and financial strength of the account holder. It is not refunded when the account closes.

Eligibility and Requirements for a Georgia Utility Deposit (Gas) Bond:

• City of Cartersville, Georgia named as obligee for the gas account.
• Bond amount equal to the gas deposit the city sets.
• Principal name matching the gas account holder.
• Surety authorized to write bonds in Georgia.
• Credit review of the business and its owners.

Georgia Utility Deposit (Gas) Bond FAQs:

Official and Additional Resources for the Georgia Utility Deposit (Gas) Bond: