Peoples Gas, a subsidiary of Chicago-based Peoples Energy, allegedly overcharged customers by at least $149 million as the result of an illegal profit-sharing deal with an affiliate of now-bankrupt Enron Corp. during the winter of 2000-2001, according to a study commissioned by the city of Chicago and a consumer watchdog group.
149M
Articles from 149M
Peoples Denies Accusation of Overcharging Customers by $149M
Peoples Gas, a subsidiary of Chicago-based Peoples Energy, allegedly overcharged customers by at least $149 million as the result of an illegal profit-sharing deal with an affiliate of now-bankrupt Enron Corp. during the winter of 2000-2001, according to the latest testimony filed by the city of Chicago and a consumer advocacy group with Illinois regulators.
January 11, 2005