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Security Deposit Options

Security Deposit Options Irrevocable Standby Letter of CreditSurety Bond AgreementGuarantorMonetary Deposits

All non-residential customers are required to establish credit prior to the connection of electrical service. Businesses with unestablished credit or existing businesses with established credit risks must satisfy a security deposit prior to service connection. The options listed above may be used for the satisfaction of Duke Energy non-residential security deposits. Options include Monetary Deposit, Guarantor, Surety Bond Agreement or Irrevocable Standby Letter of Credit.