If you have applied for utility service from the Coast Electric Power Association and it has been deemed that you have to supply security to ensure the prompt payment of bills, you may be required to provide a Mississippi Coast Electric Power Association Utility Bond.
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 Mississippi Coast Electric Power Association Utility Bond holds you accountable for your business decisions.
By possessing a Mississippi Coast Electric Power Association Utility Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.