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Griddy to Cancel Texas Power Bills If Customers Don t Sue

Griddy to Cancel Texas Power Bills If Customers Don’t Sue Bloomberg 4 days ago Steven Church © Photographer: Ron Jenkins/Getty Images Transmission towers and power lines lead to a substation after a snow storm on February 16, 2021 in Fort Worth, Texas. (Bloomberg) Griddy Energy LLC has one final deal for Texans before the power seller shuts down for good: if its 29,000 former customers agree not to sue, the company will cancel electric bills that were about 300 times normal amid last month’s winter storm. Popular Searches On its first day in bankruptcy court, Griddy lawyers outlined a plan to liquidate, settle with customers and, possibly, arrange lawsuits against those that the company blames for its collapse. The company also won court permission to pay its remaining employees and other routine bills while the Chapter 11 case goes forward.

Griddy Offers to Cancel Texas Power Bills If Customers Don t Sue

Griddy Energy LLC has one final deal for Texans before the power seller shuts down for good: if its 29,000 former customers agree not to sue, the company will cancel electric bills that were about 300 times normal amid last month’s winter storm.

Griddy Barred From Texas Power Market for Payment Breach

Griddy Barred From Texas Power Market for Payment Breach Bloomberg 2/27/2021 Mark Chediak © Photographer: Justin Sullivan/Getty Images North America HOUSTON, TEXAS - FEBRUARY 21: A view of high voltage transmission towers on February 21, 2021 in Houston, Texas. Millions of Texans lost their power when winter storm Uri hit the state and knocked out coal, natural gas and nuclear plants that were unprepared for the freezing temperatures brought on by the storm. Wind turbines that provide an estimated 24 percent of energy to the state became inoperable when they froze. (Photo by Justin Sullivan/Getty Images) (Bloomberg) Griddy Energy LLC , a Texas retail electricity provider that came under fire after its customers received exorbitant power bills during the energy crisis last week, was barred from participating in the state’s power market Friday.

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