HIKO Slams Unprecendented $1.8M Penalty Over Price Spikes

Law360, Philadelphia (September 11, 2015, 8:23 PM EDT) -- HIKO Energy LLC urged the the Pennsylvania Public Utility Commission on Thursday to decrease a $1.8 million civil penalty it was assessed for overbilling customers during the winter of 2014, saying the figure is unsupported by case evidence and fails to account for mitigating factors including a previous settlement.

The third-party energy supplier, which was accused with several other energy companies last year of using deceptive marketing practices that led to steep energy price spikes for consumers, said an Aug. 21 decision reached by a group of administrative law judges imposes an unprecedented civil penalty “based on several errors of law...

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