If you are engaged as an Electrical Generation Supplier in Pennsylvania, you are required under Section 2809(c)(1)(i) of the Pennsylvania Utility Code to file a Pennsylvania Electrical Generation Supplier Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Pennsylvania Electrical Generation Supplier Bond holds you accountable for your business decisions.
By possessing a Pennsylvania Electrical Generation Supplier Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.