New York’s attorney general says he has reached a settlement with a Hudson Valley gas retailer in the wake of price-gouging allegations after Hurricane Sandy.
Attorney General Eric Schneiderman announced the settlement with New Paltz-based gasoline wholesaler and retailer CPD Energy Corp. He says CPD, which supplies and operates stations in the lower and mid-Hudson Valley, has agreed to pay $50,000 in penalties for charging excessive prices at six stations that it owns in Westchester, Putnam and Ulster counties. Schneiderman says the CPD settlement represents the largest penalty paid by a single operator in connection with price gouging post-Hurricane Sandy. The Attorney General also reached monetary settlements over price-gouging violations with five additional station owners. Two are in Westchester – one in Katonah and one in White Plains; one is in Rockland, in New City; and two are in Nassau County, on Long Island.