Texas Entergy Inc Utility Bond
Entergy Texas, Inc. may require a security deposit from commercial and industrial customers whose credit has not been established to the utility's satisfaction. Instead of paying that deposit in cash, eligible customers can provide a utility deposit bond. The bond guarantees payment of your electric bills, so your business keeps its working capital while service stays connected.
Bond amount and your premium
Entergy Texas sets the bond amount to match the deposit it requests from you. Under its Texas tariff, that deposit cannot exceed one-sixth of your estimated annual billings, roughly two months of service. The bond amount is the coverage Entergy Texas requires, not the price you pay. Your premium depends on the surety's underwriting, so request a quote for your business rather than relying on a fixed price or percentage.
How to apply
Start the online application with your business name, Entergy Texas account and service address, the deposit amount Entergy Texas requested and ownership details. WWIS will review your submission and help you with the quote, required documents and issuance. Approval and timing depend on the surety and a complete application.
Information needed for filing
- The bond must be issued by a surety authorized to write bonds in Texas, in a form Entergy Texas approves.
- Your business name, account number and service address must match Entergy Texas records.
- The bond amount must equal the deposit Entergy Texas requested in writing.
- Entergy Texas may disconnect service if the deposit is not provided within 10 days of its request, so apply as soon as you receive notice.
How long do you need the bond?
Entergy Texas releases commercial and industrial deposit security after 24 consecutive billings with no disconnection for nonpayment, no more than two late payments and a current balance. Until then, keep the bond in force and renew it on time. Entergy Texas may also adjust the required amount if your estimated billings change. Confirm the requirements for your account with Entergy Texas.
Get help with your application
Call 888-518-8011 or email [email protected] for help selecting the bond and completing your application.
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!