Electric generation suppliers operating in Pennsylvania who intend to supply electricity to consumers in the state must obtain this bond as a mandatory condition of licensure. This includes both new entrants seeking licenses and existing suppliers seeking to renew their licenses to legally offer their services in Pennsylvania.
Pricing & timing
What to expect.
Generic pricing
Performance bonds guarantee that a contractor will complete a project according to the contract terms. Typical Pricing:. • Small contracts: Commonly around 1–5% of the contract value (one-time upfront premium). • Larger contracts: Rates generally scale lower as contract size increases. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. • Full underwriting required: Credit, financials, experience, and bon…
Typical timeframe
Full underwriting required — typically 3–5 business days
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StatePABond amount$5,000ObligeeCity of Farrell, Mercer County, PennsylvanniaBond classPerformance BondCategoryOtherBondElectrical ContractsPlain descriptionElectrician - Compliance OnlyWho needs this bondElectric generation suppliers operating in Pennsylvania who intend to supply electricity to consumers in the state must obtain this bond as a mandatory condition of licensure. This includes both new entrants seeking lic…
