If you have applied for utility service from the American Electric Power 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 Virginia American Electric Power 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 Virginia American Electric Power Utility Bond holds you accountable for your business decisions.
By possessing a Virginia American Electric Power Utility Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.