Viridian Energy Variable Rate Class Action Settlement
Class Eligibility
You are include all current and former Viridian customers enrolled in a variable rate plan between July 1, 2009 and December 31, 2016.
Estimated Amount
Varies
Average Usage Class Members: A cash payment of the greater of $5.00 or 65% of the “Calculated Amount” up to $425.00 based upon a formula that compares the variable rate that you were charged by Viridian per kilowatt hour (for electricity) or therm (for gas) based on Viridian’s records, against a weighted average of the relevant utility’s Price to Compare during that same period of time, adjusting for, among other things, the cost for green energy and Viridian’s costs and margin (the “cash option”).
Above-Average Usage Class Members: A cash payment of the greater of $10.00 or 65% of the “Calculated Amount” up to $500.00 based upon a formula that compares the variable rate that you were charged by Viridian per kilowatt hour (for electricity) or therm (for gas) based on Viridian’s records, against a weighted average of the relevant utility’s Price to Compare during that same period of time, adjusting for, among other things, the cost for green energy and Viridian’s costs and margin (the “cash option”).
Proof of Purchase
Yes
Claim Form
Case Name
Lori Sanborn, et al. v. Viridian Energy Inc., et al.,
Case No. 3:14-cv-01731-SRU
District Court for the District of Connecticut
Case Summary
The class action lawsuit was brought on behalf of Viridian’s energy customers and alleges that the company charged an excessive variable rate for gas and electricity regardless of fluctuations in the underlying wholesale market price. Separate class action lawsuits were filed both in Connecticut and Pennsylvania and allege that Viridian breached its contracts with customers and its duty of good faith and fair dealing, and also violated various consumer protection laws. Viridian denies any wrongdoing, and contends that its variable rates were adequately disclosed, consistent with its representations, and properly calculated based on the relevant market factors for electric and gas service.
Settlement Pool
$18,500,000
Settlement Website
Deadline
06/14/2018
Contact
Sanborn v. Viridian Energy Settlement Administrator
c/o Heffler Claims Group
P.O. Box 42779
Philadelphia, PA 19101-2779
(844) 491-5745
