Retail Supplier Enters Settlement With Regulator, Will Pay $500,000, In Lieu Of Earlier $750,000
November 26, 2019 Email This Story Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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The Connecticut PURA has approved formalizing a settlement agreement with Spark Energy, LLC, under which Spark would pay $500,000 in lieu of an earlier civil penalty of $750,000 assessed against the supplier
Spark disagreed with PURA's decision and filed an action in state Superior Court against PURA's decision.
To resolve the matter, PURA and Spark entered into the settlement agreement
The settlement provides that, "In full and final settlement of all allegations and claims set forth in the Spark
Energy Superior Court Action and as full compliance with the civil penalty imposed in
Order No. 1 of PURA's Decision, Spark Energy agrees to pay the amount of five hundred
thousand dollars ($500,000) to the General Fund of the State of Connecticut. Spark
Energy's payment shall be made payable to the 'Treasurer, State of Connecticut.'"
Such payment, "shall be in lieu of, and in full satisfaction
of, the civil penalty assessed in Order No. 1 in the Decision," the settlement states
Under the settlement, Spark Energy shall continue to comply with other provisions of PURA's order, including a requirement to maintain complete audio recordings of the entire transaction for all marketing calls made by it or on its behalf by any third party
The Settlement Agreement does not represent an admission or concession
by the parties as to the claims, or facts and circumstances surrounding the claims, or
proper disposition of any issue related to the PURA Notice of Violation, the Spark Energy Superior Court
Action, or the Settlement Agreement
Commenting on settlement, a Spark Energy media representative stated, "We are glad to have this matter settled and behind us."