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Indiana bonds

Indiana — Duke Energy Indiana, LLC Utility Deposit Bond

Prepare a Duke Energy Indiana, LLC utility deposit bond for the electric account in your security request. Confirm that Duke accepts the proposed form, then apply with the customer's legal name and required amount.

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Continue to our secure checkout partner, Propeller (opens in a new tab).

Recorded state
Indiana
Category
Utilities

What this bond does

This bond concerns security for a Duke Energy Indiana service account. It is separate from the service application and any engineering arrangements for the premises.

Who needs it
A Duke Energy Indiana customer whose account-security request calls for a utility deposit bond accepted by the company.
Who it protects
The named utility receives payment security under the accepted bond. It does not insure customer equipment or settle routine electric bills.

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.

Identify the Indiana service account

Customers must submit an application or contract for electric service to initiate account setup. The utility requires this process to document the location and the equipment to be operated. If a customer is a former user with an outstanding balance, the utility maintains the right to reject the service application.

Keep the legal customer and service address consistent with Duke's records. If you have an old account balance, resolve its treatment with Duke; obtaining new security does not settle that balance or authorize reconnection.

Use the security calculation for your customer class

The cited tariff distinguishes residential or farm credit requirements from nonresidential deposits. It describes nonresidential deposits as one-sixth of expected annual billing. Obtain Duke's final security amount for your premises and confirm the acceptable form of security.

Customers must notify the utility in advance of significant increases in power requirements to ensure infrastructure capacity. Failure to provide notice can result in customer liability for damages to utility facilities caused by overloading. Changes to facility capacity may necessitate a new service contract.

Apply, then submit the issued security

Use Purchase Now to continue to Propeller's application in a new tab. Have Duke's written request ready so the provider can match the account, amount and accepted bond form. Applying is separate from the provider issuing the bond.

Once issued, review the names and covered account, then deliver the bond as Duke instructs. Confirm acceptance and service activation with the utility. Keep any release or replacement instructions with your account documents.

Sources

Have these ready

  1. Duke Energy Indiana's written bond request and accepted form or wording.
  2. The electric customer's legal name, service address and account number.
  3. Duke's final required amount, account classification and effective date.
  4. Expected usage or changes in equipment load if relevant to the account assessment.

Questions about this bond

Is this the right bond for every Duke Energy account?

This offering names Duke Energy Indiana, LLC. Use it for a matching Indiana account request, not simply because another Duke company provides your service.

Can I use a residential deposit rule for a business bond?

Obtain the amount from Duke for your account. The cited tariff describes a nonresidential deposit calculation of one-sixth of expected annual billing; residential refund provisions do not determine your bond amount or release.

What happens if I make a significant increase to my power load without notifying the utility?

You may be held liable for damages to meters or other facilities occasioned by the overload, as the company’s facilities have definite capacity limitations.

How do I start the bond application?

Purchase Now opens Propeller in a new tab. There is one application option here, without preset amount or term choices. Apply using Duke's request; after issuance, send the bond for the company's acceptance and finish service setup separately.

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