Discount Power Settlement is a company based in Hartford, CT that is involved in a class action lawsuit regarding its variable rate electricity supply services. The lawsuit alleges that Discount Power falsely claimed that its variable rate would fluctuate based on changes in the wholesale power market, but failed to decrease the rate when wholesale market rates went down. Discount Power has agreed to pay $850,000 into a Settlement Fund to provide cash awards to eligible customers who file a valid claim.
The company denies all claims made against it and states that it did nothing wrong. A hearing will be held on March 27, 2017, to determine whether to approve the settlement. Customers have the option to submit a claim form to be eligible for a cash payment or to exclude themselves from the class and retain the right to sue Discount Power separately. The deadline for objections, opt-outs, and claim filings is specified in the text.
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