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Tennessee bonds

Clinton Utilities Board, TN — Utility Deposit Bond

Clinton Utilities Board publishes several forms of security for commercial and industrial customers. If CUB has requested a utility deposit bond for your account, use the assigned amount and customer identity to apply. Purchase Now below opens The Southern Agency’s existing Clinton Utilities Board bond option.

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Recorded state
Tennessee

What this bond does

This bond supplies the payment security described in CUB’s request and the issued form. CUB’s deposit schedule lists a Bond of Indemnity among acceptable commercial and industrial security forms, alongside cash and other arrangements.

Who needs it
A Clinton Utilities Board customer arranging the bond security requested for a commercial or industrial account. Residential deposit categories should not be used to set a business bond amount.
Who it protects
The bond addresses the named utility’s exposure under the account-security obligation. It does not replace payment of utility bills or insure a customer against a service interruption.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Start with CUB’s commercial and industrial schedule

CUB’s published deposit schedule lists commercial/industrial electric, water and sewer security at two times the highest month. It separately lists residential electric and residential water/sewer amounts based on customer categories and credit.

Have CUB supply the final dollar amount and identify which services and account the requested bond covers. A business with more than one service should not assume a bond for one account automatically secures every account.

A listed security alternative still needs the right form

CUB lists cash deposit, cash escrow bond, Bond of Indemnity, letter of credit and named security programs as commercial/industrial alternatives. Use the instrument and obligee wording in your own request rather than treating those different arrangements as interchangeable documents.

Confirm the bond form CUB wants and which electric, water or sewer account it must secure. If you already have cash security on file, ask CUB how it handles replacement and release; a new bond application does not automatically return that deposit.

Keep the bond matched to CUB’s customer record

Select Purchase Now to open Propeller's application in a new tab. Enter the legal customer name, service address, account reference and effective date from CUB's paperwork. There is one application option here; use CUB's required amount and form.

The provider must issue the bond before you can deliver it through CUB's specified channel. Keep a copy and acknowledgment with the account records, and confirm service activation separately. If the customer, location or required security changes, ask CUB how to update the security before relying on the original document.

Sources

Have these ready

  1. CUB’s account-security request, required form and final amount.
  2. The customer’s legal name, service address and account number.
  3. The electric, water or sewer services identified in the request.
  4. The requested effective date, authorized signer and delivery instructions.

Questions about this bond

Does CUB list a bond among its commercial security choices?

Yes. Its deposit schedule lists a Bond of Indemnity among acceptable commercial/industrial forms of security. Use CUB’s instructions for the actual instrument requested for your account.

How is commercial security described in the schedule?

The commercial/industrial electric, water and sewer line says two times the highest month. Obtain the final dollar amount from CUB rather than applying a residential deposit figure.

Will one bond cover all my CUB services?

Have CUB identify the electric, water and sewer accounts to be secured. Its combined commercial schedule does not by itself establish that one bond covers every service or location you hold.

Where do I send the completed bond?

Use the recipient and delivery method in CUB’s security request and include the account reference. Keep the issued bond and any acknowledgment in your account file.

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