CONCORD, N.H.—A New Hampshire heating oil company that filed for bankruptcy after receiving prepaid fuel contracts has been accused of violating the Consumer Protection Act.
Kidder Fuels Inc. in Northfield was indicted by a grand jury in Belknap County Superior Court. The indictment says Kidder failed to explain how it would meet the obligations of the fuel contracts. The attorney general's office says Kidder failed to deliver all of its orders and failed to refund consumers.
The Citizen reports that in July, Allan and Beverly Kidder said they decided to close their business after more than 50 years due to "tight credit markets, the current economic climate, and the deteriorated financial condition."
Information from: Citizen, http://www.citizen.com