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Palmco Power Settles NJ's Fraud Complaint For $5.28M

By Jeannie O'Sullivan (June 23, 2016, 8:07 PM EDT) -- Third-party energy supplier Palmco Power agreed Thursday to pay $5.28 million and reform its business practices to resolve New Jersey's allegations that its companies engaged in aggressive and deceptive marketing practices that duped customers into paying higher prices than they would to their previous utilities or suppliers....

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