The Public Utilities Commission of the State of California regulates the state’s privately owned electric, gas, telecommunications, water, rail, and passenger transport companies. Each of these services have different rules and regulations with specific needs that the Public Utilities Commission of the State of California oversees.
To help them enforce these laws, they will require certain surety bonds to provide financial safeguards in the event something goes wrong.
Common types of surety bonds that the Public Utilities Commission of the State of California requires include:
California Communications Service Provider Performance Bond
All Communications Service Providers must have a California Communications Service Provider Performance Bond to be submitted during the registration process. The bond must be for a minimum amount of $25,000 to help ensure that the bond holder pays all fines and penalties. It also ensures that all laws and regulations are followed. This helps protect the Utilities Commission against any losses.