- Associated Press - Tuesday, July 7, 2015

NEW YORK (AP) - A suburban New York energy company has been fined $1.25 million for lying to customers about savings on their bills.

State Attorney General Eric says HIKO Energy of Rockland County has agreed to repay more than 25,000 customers.

An investigation by his office found that the Monsey-based company falsely promised lower rates of 10 to 15 percent and then charged much higher bills.

Schneiderman says it even enrolled customers without their knowledge.

Those eligible for restitution bought HIKO energy products between June 1, 2011 to October 1, 2014.

Consumer claims seeking restitution must be in by Aug. 15.

The Journal News (https://lohud.us/1NNkaEV ) says the company had no comment.

HIKO said in court papers its agreement with customers made it clear rates “would be variable and subject to market-related factors.”

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