Security Deposit Options
To satisfy our security deposit requirement, please provide one of the following:
1) Cash Deposit
Deposits accrue interest at the three-month commercial paper rate as published in the Federal Reserve Statistical Release, H-15 and is pursuant to company tariffs and CPUC Decision No. 91269.
2) Surety Bond
Obtain a bond from your insurance company for the amount of the deposit request and list PG&E as the sole beneficiary. Please contact our Credit Department for the required form.
3) Irrevocable Letter of Credit
Have your banking institution complete and indicate that it will fully guaranty any bill that is submitted for payment without prejudice or question. Please contact our Credit Department for the required form.
4) Bill Guaranty
This must be signed by a guarantor who assumes all financial responsibility for the specified guaranteed amount in the event the customer fails to pay the closing bill. The guarantor must be an established commercial customer with 12 consecutive months of service, no more than two late payments and the average monthly billings equal to at least 50 percent of the amount to be guaranteed. If you are interested in this option, have your guarantor contact the Credit Department to verify that they meet the above guidelines prior to requesting the required form.
If you need payment arrangements, please call our Business Customer Service Center at 1-800-468-4743. For additional information or to obtain forms, please call our Credit Department at 1-800-511-0374, available Monday through Friday, 7 a.m.—3:30 p.m.
Pacific Gas and Electric Company/Credit Department
P.O. Box 8329
Stockton, CA 95208