Colorado Utility Deposit Bonds

Utility companies in Colorado require certain customers to post Utility Payment Guarantee Bonds where the company has agreed to furnish service to the principal as owner or occupant of a premises. The utility company will accept this surety bond in lieu of a cash deposit to be made by the principal to secure payment for services to be provided at such premises. The bond ensures the principal will pay the full amount of all funds due to the utility company for the service provided to the principal at such premises and all monies becoming due to the utility company for services.