You can't claim "patent pending" unless it really is patent pending, as you can get fined for doing so. Now, that doesn't stop people, but it is illegal. I personally would have to reject this claim (as a patent attorney) because it's unclear. However, it does appear that they are taking the same conductor and looping it backward somehow -- but I didn't take the time to analyze the entire patent.
Honestly, I think many cable schemes could get patented, because most of them are based on hokum (pseudoscience) and the patent office isn't really going to know how to attack the validity of the patent. You rarely see a "this doesn't really work, does it?" rejection from the patent office. Only in perpetual motion machines and the like, when it's obvious it doesn't work.