Texas Attorney General Ken Paxton said on Tuesday that about 24,000 former customers of Griddy Energy LLC will be released from paying $29.1 million in unpaid electric bills incurred during last month’s winter storm after the power retailer filed for bankruptcy. Paxton said his office has been negotiating with Griddy after the state filed a lawsuit against…
Texas Ensures Forgiveness of $29 Million in Unpaid Electric Bills After Griddy Files for Bankruptcy
Texas Power Retailer Griddy Files for Chapter 11 Bankruptcy
Texas power retailer Griddy Energy LLC on Monday filed for Chapter 11 bankruptcy after the state grid operator cut off the company’s access to customers for unpaid bills following a rare deep freeze in the state. Griddy sold power to customers at market rates. When power prices spiked to $9,000 per megawatt hour (MWh) and…
Texas Power Retailer Hit With $1Billion Class Action Suit Claiming ‘Price Gouging’ After Soaring Bills
A Texas resident has filed a class action lawsuit seeking over $1 billion against power retailer Griddy Energy LLC, alleging the wholesale company of engaging in “price gouging” and unlawfully charging thousands of dollars. Lisa Khoury of Chambers County claims she was charged with an excessive electricity bill during a deadly winter storm that knocked many power…
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