Type of Bond
|
Cash / Certificate of Deposit Bond |
Irrevocable Letter of Credit Bond |
Commercial Surety Bond |
|---|---|---|---|
Bond A-1 |
X 1/ |
|
|
Bond A-2 |
|
X 1/ |
|
Bond A-3 |
|
|
X 1/ |
Cash / CD |
X 2/ |
|
|
Letter of Credit |
|
X 3/ |
|
Power of Attorney |
|
|
X 4/ |
Commitment Letter |
|
X 5/ |
X 5/ |
(To be filed with the Chief Clerk - where applicable)
1/ Original Copy of the Bond - Bond forms are usually attached to Order Requiring Bond for each specific franchise.
2/ Notification from SunTrust Bank (SunTrust is the Commission's custodian for bond sureties) that cash or CD surety has been received for a given bond.
3/ Original Copy of Non-Perpetual Irrevocable Letter of Credit [Letter of Credit must comply with Rule R7-37 New Section (e)(4) as adopted by the Commission in its Order dated July 19, 1994, in Docket No. W-100, Sub 5.]
4/ Original Copy of Power of Attorney for individual who signed Appendix A-3 as Corporate Surety
5/ Original Copy of Commitment Letter
(a) This letter need only contain a statement indicating whether the utility is required to pledge utility company assets (collateral and type) to secure the bond or irrevocable letter of credit; and
(b) The premium paid by the utility (if any) to the bank and/or lending institution for their accommodation of the borrower.
