PG&E's security deposits for businesses

To satisfy our security deposit requirement, please provide one of the following:

Cash deposit

Pay your deposit after receiving your first bill. You can pay online with your bank account or credit card, by mail, or in person at a payment center with check or cash. Your deposit will accrue interest at the three-month commercial paper rate as published in the Federal Reserve Statistical Release, H-15.

You can schedule a payment arrangement online after receiving your first bill, to spread payment of your deposit over several months. You can also call our Customer Service Center at 1-800-743-5000 to make a payment arrangement.

The In Lieu of Deposit program

Through this program, your deposit is waived when you sign up for paperless billing and recurring payment to "pay bill in full" through your online account. If you've started the process by phone, follow the steps below to complete your enrollment. To start the enrollment process now, see "Start your enrollment now" below.

Complete your phone enrollment

Sign up by phone. To complete your phone enrollment, you must sign up for paperless billing and recurring payments prior to being sent your third PG&E bill.

Sign in to your PG&E online account.
Enroll in paperless billing.
Set up recurring payments using your checking or savings account only and select "pay full amount due." Recurring payments by credit or debit card does not satisfy program requirements.

SIGN IN NOW

NOTE: To be eligible for the In Lieu of Deposit program, you must:

Be a new PG&E customer with a deposit amount of less than or equal to $10,000.
Enroll before the third billing statement is generated for your account.
Maintain recurring payments and paperless billing on your account for 12 billing cycles.
Be aware that if a recurring payment fails or the monthly balance is not paid in full, or your account is unenrolled from recurring payments or paperless billing, the deposit will be reapplied to your account.

Start your enrollment now

If you'd like to have your deposit waived through the In Lieu of Deposit program, please complete these steps in order:

Sign in to your PG&E online account.
Enroll in paperless billing.

SIGN IN NOW

Complete the final two steps after receiving your first bill, but before receiving your third bill:
Make a one-time payment through your online account: Sign in, select "Make a Payment" and enter your bank account information. Pay your full energy charges only. Do not pay the deposit amount listed on your bill. If your bill is for the deposit only, pay 50% of the deposit amount.
Set up recurring payments using the same bank account information only and select "pay full amount due." Recurring payments by credit or debit card does not satisfy program requirements.

You'll see the waived deposit reflected on your next bill.

NOTE: To be eligible for the In Lieu of Deposit program, you must:

Be a new PG&E customer with a deposit amount of less than or equal to $10,000.
Enroll before the third billing statement is generated for your account.
Maintain recurring payments and paperless billing on your account for 12 billing cycles.
Be aware that if a recurring payment fails or the monthly balance is not paid in full, or your account is unenrolled from recurring payments or paperless billing, the deposit will be reapplied to your account.

NOTE: If you're a commercial customer on a rate plan other than A1, A6, GNR1, HA1, HA6 or HGNR1, you'll need to call 1-800-468-4743 to enroll. If you're an agricultural customer, call 1-877-311-3276 to enroll.

Surety bond

Obtain a bond from your insurance company for the amount of the deposit request and list PG&E as the sole beneficiary. Complete the Surety Bond form (PDF, 76 KB) and fax (1-866-283-0730) or email copies of the form and the Surety bond to PG&E. PG&E will notify you once the form is accepted, and request that you mail the original documents to

Pacific Gas and Electric Company
Credit and Records Center
P. O. Box 8329
Stockton, CA 95208-0010.

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.

Bill guarantee

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.

VIEW TOP PGE.COM SEARCHES

Security deposit options