Memphis Light, Gas And Water Division, TN — Utility Deposit Bond
Apply for the utility deposit bond requested for your Memphis Light, Gas and Water commercial general power account. MLGW allows indemnity-bond security, but you need its approved form and account-specific amount before applying.
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- Recorded state
- Tennessee
- Category
- Utilities
What this bond does
This bond addresses MLGW's account-payment security request. Credit Operations determines the required deposit amount using the premises' consumption history or, for a new building, its size and type of operation.
- Who needs it
- This bond is intended for commercial entities applying for general power service with Memphis Light, Gas and Water in Tennessee. It applies specifically to businesses required by MLGW policy to provide financial security for their utility accounts, including new commercial customers or those whose service agreements require updated security documentation.
- Who it protects
- MLGW receives security for the commercial account obligations described in the bond. The issued document controls the surety's liability and claim conditions; it does not relieve you of the utility bills.
Your bond option
This is the option on record for this bond.
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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.
Sources
- Memphis Light, Gas and Water General Power Service Agreement (opens in a new tab)Checked October 18, 2026
Have these ready
- Confirm the specific deposit amount required for your commercial premises by consulting with the MLGW Credit Operations Department.
- Obtain the official bond form required by MLGW, as standard surety forms are not accepted.
- Have the legal business name, account reference and service address ready for the bond provider.
- Prepare the deed or lease and Tennessee Secretary of State Business Information Search printout required for MLGW's service application; keep that application separate from the bond application.
Questions about this bond
Can I use an indemnity bond for MLGW account security?
MLGW's general power agreement allows an indemnity bond as a security alternative. Have Credit Operations confirm the amount and accepted form for your account. If you have already paid a deposit, ask MLGW about its release separately; applying for a bond does not refund it.
Does the two-year holding period release my bond automatically?
The service agreement describes a two-year security holding period. Follow the actual bond and MLGW's release instructions; do not treat that period as an automatic bond cancellation or cash refund.
Can I use any bond form for this utility requirement?
No. The bond forms must be secured from and approved by the Memphis Light, Gas and Water Division to be valid.
Who determines the amount of the bond I need?
The bond amount is determined by MLGW based on the utility consumption history of the address, or for new buildings, based on the size and operation type of the facility.