A federal jury has ordered ProLiance Energy LLC, an Indianapolis-based gas marketing affiliate of Vectren and Citizens Gas and Coke, to pay Alabama-based Huntsville Utilities $33.5 million in damages for breach of a gas contract, fraud, conspiracy and other charges. The jury found that ProLiance violated a natural gas supply agreement with Huntsville by charging higher prices than were promised and then attempting to cover it up.
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Jury Awards Huntsville Utilities $33.5M in Gas Contract Case Against ProLiance
A federal jury has ordered ProLiance Energy LLC, an Indianapolis-based gas marketing affiliate of Vectren and Citizens Gas and Coke, to pay Alabama-based Huntsville Utilities $33.5 million in damages for breach of a gas contract, fraud, conspiracy and other charges. The jury found that ProLiance violated a natural gas supply agreement with Huntsville by charging higher prices than were promised and then attempting to cover it up.
Indiana Energy Buying DPL’s Gas Distribution
Indianapolis-based Indiana Energy continued to expand itsregional service territory last week through a $425 millionpurchase of the retail gas distribution business of DPL Inc. ofDayton, OH. The deal, which will grow its distribution customerbase by more than 300,000 customers and will add 5,000 miles ofdistribution pipe, comes only a few months after the $1.9 billionmerger of Indiana Energy with Sigcorp, the Evansville, ID-basedholding company of Southern Indiana Gas and Electric (Sigeco),which provides gas and electricity to 150,000 customers insouthwest Indiana.
Indiana Energy Buying DPL’s Gas Distribution
DPL Inc. of Dayton, OH, agreed to sell its retail gasdistribution business to Indiana Energy Inc. of Indianapolis, ID,for $425 million in an all-cash sale to be accounted for as apurchase.