Bloomberg Law
Nov. 10, 2020, 9:50 PM

Electricity Maine’s $14 Million Deal Over False Rate Claims OK

Peter Hayes
Peter Hayes

Electricity Maine LLC and related entities secured final federal court approval of a settlement pool of up to $14 million to resolve claims they overcharged ratepayers by $58 million after improperly enticing them to switch to their electricity-supply services.

The electric utility will also cover $2.7 million in attorneys’ fees, pay each of the four named plaintiffs a $5,000 incentive award, and reimburse class counsel for $159,000 in costs, under the terms of the agreement approved Monday by the U.S. District Court for the District of Maine.

The settlement provides that each class member must submit a claim, and their ...

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