Mich. Agency OKs Antitrust Deal For Universal Energy

Law360, New York (April 20, 2009, 12:00 AM EDT) -- A Universal Energy Group Ltd. subsidiary will pay $300,000 and alter its customer contract terms as part of a deal with the Michigan Public Service Commission in an investigation into the company's allegedly anti-competitive natural gas marketing practices in Michigan.

The MPSC approved the settlement Thursday, largely resolving the complaint against Universal Gas & Electric Corp., in which the company was accused of failing to properly inform customers of their rights and procedures to switch energy suppliers.

In addition to paying the state of Michigan $300,000...
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