ProLiance verdict to cost Citizens: Utility to pay at least $1.5M in fraud case

Citizens Gas & Coke is one of two Indiana utilities burned by a $33.5 million jury verdict, won under a federal racketeering law, against Indianapolis-based Pro-Liance Energy, an unregulated subsidiary of Citizens. The city-owned Citizens has set aside $1.5 million as part of the hit it expects to take for its investment in ProLiance, which procures and manages more than 475 billion cubic feet of natural gas for 1,200 utility and industrial customers in North America. Meanwhile, Evansville-based gas and...

 

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