AGL Energy Limited
(ASX:AGK) will foot the bill for its recently acquired Australian Power and Gas Company, which has been fined in excess of $1 million for aggressive door-to-door selling.
Major utility AGL Energy bought the company and its 354,000 customers several months ago for $100 million.
The Federal Court ordered the $1.1 million fine, declaring that APG had broken Australian consumer law.
The action is one of five being taken by the ACCC after what it says are large volumes of complaints about unfair tactics and harassment, targeting vulnerable customers.
AGL generated a net profit of $389 million in fiscal 2013.
