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Verde Energy
Certain Verde Energy customers may be eligible for a $7 million settlement over claims the company did not base variable-rate plans on market conditions as promised.
ClosedSelected statesClaim status: Closed on March 31, 2022Payout: VariesNo longer claimable
About this settlement
Settlement for customers enrolled in Verde Energy variable-rate electricity plans who allege the rates were not properly based on market conditions.
This class action settlement resolves claims that Verde Energy did not base its variable-rate electricity plans on market conditions as promised to customers in six states over various date ranges. Eligible residential consumers who were charged variable rates may receive compensation.
Who qualifies
- Residential consumers enrolled in Verde Energy variable-rate plans or charged variable rates.
- Customers in Massachusetts (Apr 17, 2013–Oct 31, 2015).
- Customers in New York (Jan 21, 2014–Oct 31, 2015).
- Customers in Illinois (Jan 31, 2008–Oct 31, 2015).
- Customers in New Jersey (Jan 21, 2012–Oct 31, 2015).
Varies
Claim status: Closed on March 31, 2022