Tennessee Duck River Electric Membership Corporation Utility Deposit Bond
Overview
Duck River Electric Membership Corporation requires this surety bond from customers who cannot meet a standard cash deposit requirement when opening or restoring electric service. Posting this bond keeps your money in your pocket while satisfying DREMC's financial security requirement. It functions as a guarantee to DREMC that your account obligations will be met — and it lets you get your power on without tying up a lump sum in a deposit.
Who Needs This Bond?
Customers opening a new electric account with Duck River Electric Membership Corporation — or restoring a previously disconnected account — are the ones who need this bond. If DREMC has notified you that a deposit is required before service can begin, this bond is your alternative. It applies to residential and commercial members alike who prefer not to pay a cash deposit upfront.
What is this Bond For?
This bond protects Duck River Electric Membership Corporation against unpaid bills or account defaults by its members. It replaces a traditional cash security deposit, giving DREMC the same financial protection through a surety arrangement. If a covered account goes unpaid, DREMC can make a claim against the bond — keeping the co-op whole without holding your cash.
When is it Required?
Activation of a new account or reinstatement of disconnected service at DREMC is the specific moment this bond becomes mandatory. When DREMC's credit review triggers a deposit requirement and you choose not to pay cash, this bond steps in. It must be in place before service is activated or restored — there is no grace period once DREMC flags a deposit requirement.
Where Does it Apply?
This bond is specific to Duck River Electric Membership Corporation, an electric co-op serving members across a multi-county service territory in middle and southern Tennessee. It is not a statewide utility bond — it applies only to accounts held directly with DREMC. If your electric service is through a different provider, you will need that provider's specific bond.
How to Buy Online
Click 'Buy This Bond Online' and the secure surety portal will open in a new tab. Enter your account details, complete the application, and your bond documents will be issued quickly so you can submit them to DREMC and get your service started.
Why Bond Titan?
Bond Titan gives you a direct path to purchasing this DREMC utility deposit bond online — no agent callbacks, no waiting rooms. We're powered by The Southern Agency and maintain a nationwide surety bond catalog so you get exactly the bond DREMC requires, issued fast. Buy now and get your power on.