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Policy: Environment & Energy

Prepaid fuel plan protections bill heads to Malloy

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News,Business,Energy and Environment,Dannel Malloy

HARTFORD, Conn. (AP) — Legislation that creates protections for Connecticut consumers who sign up for prepaid heating fuel plans is heading to the governor's desk.

The House of Representatives approved a bill Thursday 137-0 that bars fuel dealers from offering a pre-paid guaranteed price plan from Nov. 1 to March 31. Advocates of the legislation said that's been the time period when some dealers have become financially strapped and taken advantage of their customers.

The bill, which already cleared the Senate, stems from the case of Ace Oil Co. in Meriden. The firm stopped making oil deliveries last year to customers, even though they had prepaid for fuel.

Ace's owner has filed for bankruptcy, citing nearly $3 million in debts. Half of that was owed to prepaid customers. Some consumers lost thousands of dollars.

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