Two Energy Companies Agree To Pay Settlement Claims For Rigging Auctions

Apr 25th @ 6:25 pm in News by Scott Staley

Both Pitkin County commissioners and conservation group agree that Gunnison Energy Corp. and SG Interests have been rigging auctions of gas leases on federal land.  According to a federal prosecutor, both  companies made an agreement not to compete with each other in the auctions.  As a result of these findings both will now have to pay $275 thousand in settlement claims.  However, in paying these claims the companies are not admitting guilt.  The public now has 60 days to respond before a judge makes a ruling.