There are a couple of different options available for commercial customers to avoid being charged a security deposit.
- Bill Guarantor – Established commercial or agricultural customer who assumes all financial responsibility for the specified guaranteed amount in the event the customer fails to pay the closing bill.
- Irrevocable Letter of Credit - Have a banking institution complete and indicate that it will fully guarantee any bill submitted for payment without prejudice or question.
- Surety Bond- Obtain a bond from an insurance company for the amount of the deposit request and list PG&E as the sole beneficiary
To take advantage of any of these options, please contact our Credit Department at 1-800-511-0374. They are available to take your calls Monday through Friday, 9:00 a.m. - 5:00 p.m.
Visit us online at Business Security Deposit Options for your options to avoid being charged a security deposit.