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Tennessee bonds

Tennessee — Duck River Electric Membership Corporation Utility Deposit Bond

Prepare Duck River Electric Membership Corporation deposit security with the legal customer and electric accounts in its request. Have the accepted form and required amount ready.

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Recorded state
Tennessee
Category
Utilities

What this bond does

The offering concerns electric-customer payment security under the corporation's accepted bond.

Who needs it
Duck River Electric customers directed to arrange utility deposit-bond security.
Who it protects
The corporation in the accepted form receives security for the stated account duties. The customer still pays 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.

Details

Keep the business's legal account name separate from an owner's name or trading name. Use the customer and full Duck River recipient wording the notice asks to secure, with each covered Tennessee account reference.

One application option is offered without preset amounts or terms. Prepare the required amount, accepted form and effective date. Purchase Now opens Propeller in a new tab. After issuance, check and submit the document as instructed; utility acceptance, any membership requirements and power activation remain separate.

Sources

Have these ready

  1. Corporation's current security notice and accepted form.
  2. Legal electric customer, Tennessee service locations and covered accounts.
  3. Required amount, effective date and delivery instructions.

Questions about this bond

Can an owner apply under a personal name for a business account?

Use the legal customer the utility asks to secure, even when the owner signs the application.

Does a trading name establish the customer entity?

Confirm the legal account name with Duck River and the provider rather than relying on the trading name alone.

Does applying release a deposit or start service?

No. Complete issuance and acceptance, then address any release and service arrangements with the corporation.

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