NY Energy Cos. To Pay $2M Over Alleged Fraud

Law360, New York (April 20, 2011, 4:52 PM EDT) -- Two related companies that sell electricity and natural gas to consumers through telemarketing and door-to-door sales will pay more than $2 million to settle deceptive marketing accusations, New York's attorney general announced Wednesday.

Columbia Utilities LLC and Columbia Utilities Power LLC allegedly made unfounded claims about how much consumers would save with them compared to local utilities, and failed to clearly disclose that their contracts were for a 12-month term that couldn't be canceled earlier, according to New York Attorney General Eric T. Schneiderman.

Schneiderman said...
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