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What happens if my non-residential indemnity bond, letter of credit, or Enhanced Security Deposit Program approval isn't ready when my business's elec

You'll need to provide another acceptable form of security deposit on your non-residential account until the preferred option is finalized. Once the bond, letter of credit, or program approval is received, the alternate deposit will be refunded.

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Related FAQs

All non-residential electric customers are required to provide an adequate security deposit on their business electric account to ensure coverage, in line with EPB's electric rules and regulations.

For a non-residential account, you can choose from:

  • Cash deposit – held by EPB and accrues interest per EPB's interest rate policy
  • Indemnity bond – valid for at least one year, in a form acceptable to EPB
  • Irrevocable letter of credit – valid for at least one year, in a form acceptable to EPB
  • EPB Enhanced Security Deposit Program – available to non-residential customers with good payment history, subject to insurance carrier approval

Yes. EPB reviews non-residential security deposit amounts annually and may adjust them based on the past 12 months of electric usage on that account. If your business is expanding or adding electric load, the account will be reevaluated as well. You can also request a review of your non-residential deposit at any time.

The security deposit on your non-residential account, plus any accrued interest, will first be applied to any unpaid electric bill, and the remaining amount will be refunded to you.

Yes. Municipal, county, state, and federal agencies, as well as other utilities, are not required to provide a non-residential security deposit.

Yes, seasonal non-residential accounts (such as Christmas tree stands or special events) require a minimum security deposit of $350.

EPB offers a blanket security deposit option for property owners whose non-residential tenant accounts change periodically. Owners can secure each electric account individually or aggregate them, and the deposit is based on the highest bill per account over the past 12 months, adjusted for occupancy rate. The property owner must continuously maintain this deposit, and when a tenant takes over the electric account, the tenant must provide their own non-residential security deposit per standard policy.

For other questions, get in touch with us

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