Natural Gas Antitrust Settlement
Processed by Dahl Administration
Pursuant to an Order of the Bankruptcy Court of the Southern District of Texas (the “Court”), a Notice was sent to notify potential Class Members of a Settlement Agreement reached between the debtors and debtors in possession (collectively, the “Debtors”) in the jointly administered chapter 11 cases concerning the Wisconsin Claimants’ allegations that Debtors and others fixed retail natural gas prices in Wisconsin between 2000-2002 (Debtors deny the allegations).
The Wisconsin Claimants have settled their individual claims against the Debtors (the “Settlement”), are seeking Court approval of the Settlement pursuant to a motion filed by the Debtors on February 15, 2019 (Docket Number 2068) in the Chapter 11 Cases (the “9019 Motion”), and, as part of the Settlement and the 9019 Motion, the Wisconsin Claimants will be releasing all their claims against the Debtors and have agreed not to pursue or prosecute any lawsuit against the Debtors arising out of or relating to their released claims. The hearing for final approval of the 9019 Motion and the Settlement is May 22, 2019, at 2 p.m.
The 9019 Motion and Order can be found in the Settlement Documents section of this website.
The other information below concerns class action lawsuits brought on behalf of certain commercial and industrial purchasers of natural gas for their own use or consumption in Kansas, Missouri, and Wisconsin during the period from January 1, 2000 to October 31, 2002 have been settled and approved in the United States District Court for the District of Nevada.
Class action lawsuits brought on behalf of certain commercial and industrial purchasers of natural gas for their own use or consumption in Kansas, Missouri, and Wisconsin during the period from January 1, 2000 to October 31, 2002 have been settled and approved in the United States District Court for the District of Nevada.
The lawsuits allege that Defendants and Co-Conspirators engaged in an unlawful agreement or conspiracy to manipulate the prices of natural gas during the period from January 1, 2000 to October 31, 2002. Plaintiffs further claim that certain commercial and industrial purchasers who purchased natural gas other than from utilities or local distribution companies and for their own use or consumption in Kansas, Missouri, or Wisconsin may recover for the effect that the alleged conspiracy had on the prices of the natural gas they purchased. Plaintiffs allege that, as result of the unlawful conspiracy, they and other commercial and industrial purchasers paid more for natural gas than they would have absent the conspiracy. Defendants deny Plaintiffs’ claims.
Settlements have been reached with Defendants American Electric Power Company, Inc. and AEP Energy Services, Inc. (collectively, “AEP”); Coral Energy Resources, L.P. (n/k/a Shell Energy North America (U.S.), L.P.) (“Coral”); Duke Energy Carolinas, LLC (f/k/a/ Duke Energy Corporation) and Duke Energy Trading and Marketing, L.L.C. (collectively, “Duke”); and ONEOK, Inc., and ONEOK Energy Services Company, L.P. (f/k/a ONEOK Energy Marketing & Trading Company, L.P.) and previously dismissed defendant Kansas Gas Marketing Company (collectively, “ONEOK”).
To learn more about the terms of the Settlement and how your legal rights may be affected, you should view the Settlement Documents and answers to the Frequently Asked Questions provided on this website.