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Alabama Power Company - Indemnity Bond For Electric Service And/Or Steam Heat


Product Number: 117707
Alabama Power Company - Indemnity Bond For Electric Service And/Or Steam Heat

Price: To Be Determined




Surety: Merchants Bonding Company

Credit Check Required
Underwriting Required
Application Required


BOND NUMBER ______________

INDEMNITY BOND FOR ELECTRIC SERVICE AND/OR STEAM HEAT
FURNISHED BY ALABAMA POWER COMPANY
KNOW ALL MEN BY THESE PRESENTS,

that __________________________________________________________________________,
Merchants Bonding Company (Mutual)
as principal, and ________________________________________________________________,
Iowa
a corporation organized and existing under the laws of the State of ________________________,
and duly authorized to conduct and carry on a general surety business in the State of Alabama, as
surety, are each held and firmly bound unto the Alabama Power Company, as obligee, in the full

and just sum of __________________________________________________________________
(__________________________) lawful money of the United States of America, for the payment
whereof well and truly to be made the said principal and the said surety each hereby bind

themselves, their respective heirs, legal representatives, successors and assigns, jointly and
severally, firmly by these presents,
WHEREAS, the principal has applied to Alabama Power Company for electric service

and/or steam heat as applicable; and
WHEREAS, under the rules and regulations of the Alabama Public Service Commission,

it is necessary for the principal to furnish security for the prompt payment of all electric and/or
steam bills for service furnished and supplied the principal by the obligee, regardless of service
location or time of initiation of service; and

WHEREAS, the principal desires to post this bond in lieu of a cash deposit as security for
the payment of electric and/or steam heat bills,

NOW, THEREFORE, the condition of this obligation is such that if the said principal
shall well and faithfully perform the obligations herein recited and shall promptly pay all bills
rendered by the obligee to said principal for electric service and/or steam heat service as provided

in this bond and the rules and regulations of the Alabama Public Service Commission, then the
above obligation shall be null and void, otherwise to remain in full force and effect, and the

surety herein agrees to pay, within ten (10) days after written demand for payment by the obligee,
any delinquent electric and/or steam heat bills rendered by the obligee to the principal herein if
such bills are not paid by said principal within fifteen (15) days from the date of the said bills.

MSC 1077 AL (10/06)
<!--End of Page 1 -->

THIS BOND IS ISSUED AND EXECUTED SUBJECT TO THE FOLLOWING CONDITIONS:
1. That the surety company reserves the right to cancel this bond by giving thirty (30)
days written notice to the obligee addressed to the Division Accounting Manager,

Birmingham Division, Alabama Power Company, 600 North 18th Street,
Birmingham, Alabama 35291-1135. On the effective date of such thirty-day

cancellation notice, the surety is discharged and relieved of any liability, it being
understood and agreed, however, that the said principal and surety will be liable for
any loss accruing up to the effective date of said thirty-day cancellation notice, in no

event, however, in excess of the penalty of this bond.
2. That it is expressly understood by the principal and surety herein that the obligee

may, by giving fifteen (15) days written notice, cancel this bond or require and
endorsement hereon increasing the penal amount provided in this bond so that the
said penal amount shall be equal to at least two times the amount of the highest

monthly electric bill rendered by the obligee.
3. This bond shall be effective from and after the ________ day of _________________,

20____.

Signed, sealed and delivered in the prescence of: PRINCIPAL:

__________________________(SEAL)

______________________________ By: __________________________________________

As to Principal Its: __________________________________________

SURETY:
Merchants Bonding Company (Mutual)

______________________________ By: __________________________________________

Attorney-In-Fact
As to Surety Its: __________________________________________
<!--End of Page 2 -->

PRINCIPAL:

______________________________________________________________________________

SURETY COMPANY NAME:

Merchants Bonding Company (Mutual)
______________________________________________________________________________
SURETY COMPANY ADDRESS:
500 New York Avenue
_____________________________________________________
Des Moines, Iowa 50313
_____________________________________________________
SURETY COMPANY PHONE:
(800) 678-8171
_____________________________________________________
SURETY COMPANY FAX:
(877) 349-6590
_____________________________________________________

BOND NUMBER: _____________________________________

Shown below is a separate listing of each account covered by this bond:

Account Name: __________________________
Account Number (10 digits): __________________________
Service Address (including Alabama city): __________________________

Secured Amount: __________________________

Account Name: __________________________
Account Number (10 digits): __________________________
Service Address (including Alabama city): __________________________

Secured Amount: __________________________

Account Name: __________________________

Account Number (10 digits): __________________________
Service Address (including Alabama city): __________________________

Secured Amount: __________________________
<!--End of Page 3 -->

Account Name: __________________________
Account Number (10 digits): __________________________
Service Address (including Alabama city): __________________________

Secured Amount: __________________________


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