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Surety Bond Agreement

A surety bond is an agreement between Duke Energy and an insurance company. Duke Energy will accept a Surety Bond from an insurance company in lieu of a monetary security deposit. Surety Bond characteristics are

  • The Duke Energy customer pays the insurer an annual or bi-annual premium for the bond.
  • The bond is a guarantee for the deposit amount.
  • Most bonds automatically are renewed annually.
  • If the insurer wants to cancel the bond, he/she must do so in writing, and allow 60 days written notification.
  • The original bond must be mailed to Duke Energy.

Example Surety Bond Agreement (pdf, 95 KB)

Note: If using Adobe Acrobat version 5.0 or greater, your insurance company can type into the form's blank fields and print the document.

         

Surety Bond Agreement Instructions:

  1. Insurance company completes the form.
  2. Print the form.
  3. Have Principal and Surety sign and seal the bond.
  4. Retain a copy for your records.
  5. Mail the original copy to

Duke Energy Company
Attn: DT01X Surety Bond Desk
9700 David Taylor Drive
Charlotte, N.C. 28262