News Stories
Sponsored by Earth Etch. Regulatory insight and compliance solutions for today’s energy markets.
Attorney General Announces $8.4 Million Settlement With Retail Energy Supplier For Deceptive And Unfair Business Practices
In a press release Attorney General Kwame Raoul announced an $8.4 million settlement with Clearview Electric Inc. (Clearview Energy) that resolves allegations the alternative retail electric supplier (ARES) engaged in fraudulent, unfair and deceptive business practices to mislead Illinois consumers into paying millions of dollars more for electricity than consumers who stayed with their default public utility.
In addition to restitution, Attorney General Raoul’s office obtained a permanent ban on supplier marketing and selling electricity and gas in Illinois.
The settlement will provide restitution to eligible Illinois customers who received residential electricity supply services from Clearview Energy. The restitution amounts will largely be based upon eligible customers’ electricity usage during the period in which they purchased electricity from Clearview Energy.
“Companies like Clearview Energy must be held accountable for deceiving Illinois residents into overpaying for the energy they need,” Raoul said. “My office is committed to protecting consumers from deceptive practices like misrepresentations and false promises of lower prices on essential utilities.”
