Our electric utilities manipulated the market to increase profits. Now there is a class action lawsuit seeking refunds. See if you qualify.
If you receive your electricity bill from one of the utilities listed below, you were likely overcharged by the very utilities behind the scheme:
Massachusetts: Eversource, Western Massachusetts Electric Company, NSTAR Electric Company
Hagens Berman Sobol Shapiro LLP, a national class-action and complex litigation law firm, has brought a suit against Eversource and other utility companies for allegedly charging customers artificially high electricity rates from August 2013 to July 2016. You may be able to sign on as a plaintiff in this case.
Eversource, Avangrid and their subsidiary utility companies control a significant share of the natural gas market in New England. These companies used their large market share to artificially restrict natural gas supplies and artificially increase the price of natural gas paid by power plants that burn gas to generate electricity. Because most of New England’s electricity is generated using natural gas, this scheme drove up the price of electricity paid by almost all New England residents.
First, Eversource and Avangrid over-reserved natural gas pipeline capacity in advance. Then, at the last minute, these companies reduced their reservations, leaving no time for others to use the pipeline to flow additional gas. This in turn decreased the amount of natural gas available in the market, and increased the price of natural gas that power plants pay to generate electricity. This allowed Eversource and Avangrid to make more money from their non-gas power plants, and to justify expenditures on new natural gas pipeline infrastructure.
This scheme by New England utilities served no other purpose than to artificially boost profits for these companies, leaving millions to pay higher bills. At no point were customers aware of this fraud, and only recently has it been brought to light. Hagens Berman believes that families and households across the region deserve better, and deserve their money back. We intend to fight these utilities and put a stop to this behavior.
NO COST TO JOIN
There is no cost or fee whatsoever involved in joining this case. In the event Hagens Berman or any other firm obtains a settlement that provides benefits to class members, the court will decide a reasonable fee to be awarded to the class’ legal team. In no case will any class member ever be asked to pay any out-of-pocket sum.