Electricity Reseller Fights To Keep Antitrust Suit Alive
By Aaron Leibowitz (October 29, 2018, 10:18 PM EDT) -- A small electricity reseller is pressing ahead with a proposed class action antitrust suit in the face of a motion to dismiss from both Eversource Energy and Avangrid Inc., saying in a filing Friday it properly alleged that the New England energy giants exploited a lack of regulation to artificially drive up wholesale power prices.
Eversource and Avangrid have demanded that New Hampshire-based PNE Energy Supply LLC ditch its Massachusetts federal court case after a judge in the same district dismissed a similar consumer case accusing the same companies of price manipulation in September. But PNE is arguing that the framing...
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