Surety Bond Requirements

Surety Bond Requirements

Berkeley Electric Cooperative will accept a surety bond in lieu of a cash deposit.  We do not have a specific form that needs to be completed by your insurance company; however, we have the following requirements:

  • The surety bond must be in effect for at least five (5) years.
  • The surety bond can only be canceled when written confirmation is received from Berkeley Electric Cooperative.  This is because the term may need to be extended based on the payment history of the account in question.
  • The surety bond amount must match the cash deposit amount that would have been required.
  • Berkeley Electric Cooperative, Inc. should be listed as the obligee, and our address is Post Office Box 1234, Moncks Corner, SC 29461.
    • Related Articles

    • Commercial Application for Service

      For easier completion on mobile devices, use the direct link to the application found here: https://zfrmz.com/Yq4hstaLwI8I0qFg2dkL Apply for service for commercial accounts here.
    • Residential Application for Service

      For easier completion on mobile devices, use the direct link for the application found here: https://zfrmz.com/KCcTyfvCRMVqCv8DjgLS Apply for service for residential accounts here.
    • Landlord Agreement Form

      This form should NOT be used by tenants/renters for any reason. To apply for service as a tenant, complete the New Service Application.