An acceptable guarantor is a Duke Energy customer who meets the following criteria:
- The guarantor is an active residential customer with 24 months of continuous service.
- The guarantor has no more than two late payments within the past 12 months of service.
- The maximum amount a guarantor can sign for is $600. (Note: This is the combined amounts for all accounts guaranteed)
Please read and understand the provisions of the guarantor agreement. If you wish to use a guarantor instead of a cash deposit to establish electric service, follow the steps below.
Note: If using Adobe Acrobat version 5.0 or greater, you can type into the form's blank fields and print the document.
A guarantor has the right to cancel a guarantor obligation any time during the life of the guarantor agreement. In order to cancel the guarantor obligation, the guarantor must complete the Guarantor Release Form. The guarantor is still obligated for all services rendered to the guarantee through a 30-day notice period. The 30-day notice period begins the date the Guarantor Release form is received by Duke Energy.