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Tennessee bonds

Tennessee — Pickwick Electric Cooperative Utility Deposit Bond

Use your Pickwick Electric Cooperative security request to prepare this utility deposit bond application. Match the electric customer, service location and amount the cooperative wants secured.

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

Recorded state
Tennessee
Category
Utilities

What this bond does

This offering addresses payment security for a Pickwick Electric account under a bond the cooperative accepts.

Who needs it
An electric customer directed by Pickwick Electric Cooperative to provide deposit-bond security.
Who it protects
The cooperative named in the accepted bond receives security for the account obligation. The customer continues paying 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

Use the electric account holder's legal name, even if a landlord or another company owns the premises. If the request concerns more than one meter or location, have Pickwick identify what the bond must cover.

There is one application option on this page, with no fixed amount or term to select. Have the cooperative's amount, accepted wording and required effective date available.

Select Purchase Now to open Propeller's application in a new tab. Applying starts the provider's process. After issuance, send the bond for Pickwick's acceptance and complete membership or connection arrangements separately.

Sources

Have these ready

  1. Pickwick's written bond request and any required form.
  2. Legal electric customer, account reference and service or meter locations.
  3. Requested amount, effective date and instructions for delivering the issued bond.

Questions about this bond

Should a landlord be named on the bond?

Use the customer responsible for the electric account in Pickwick's request. Property ownership alone does not determine the bond applicant.

Does buying the bond complete cooperative membership?

No. Membership and service setup remain with the cooperative. The application below concerns the bond.

Can I use a deposit calculation from another cooperative?

Use Pickwick's amount for your account. Another cooperative's bill-based formula does not establish this request.

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