Illustration by Texas Monthly; Getty
Not long before Valentine’s Day, Pat Wood III got a text message from Griddy Energy, his electric provider, warning that extremely cold weather was about to wreak havoc on the electricity market in Texas. “Prices are looking to stay at record rates over the next couple of days due to the polar vortex,” the notice read. “Unless you are a Griddy energy-saving expert, we recommend you immediately switch to another provider.”
Wood followed the company’s advice, even though almost no Texan could be considered more of an “energy-saving expert.” The former chairman of the state’s Public Utility Commission, appointed by Governor George W. Bush in 1995, Wood helped set up Texas’s deregulated market. He later followed Bush to Washington and ran the Federal Energy Regulatory Commission, where he dealt with the California power crisis in 2001 and a blackout in the Northeast one of the largest in U.S. history two years later.
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Griddy Energy customers get a say in how they come out of the electricity provider’s bankruptcy
Thousands of customers will now be able to vote on Griddy’s bankruptcy plan. The court sent out notices to them, basically saying please open future correspondence.
Ivet Cantu, 45, points to her electricity bill from Griddy Energy on an app showing her energy cost of $3,114.27 during recent severe cold weather.(Ben Torres)
Griddy Energy’s customers who paid exorbitant amounts for electricity during the Texas freeze last month now have a formal seat at the table in the company’s bankruptcy.
The U.S. trustee in Griddy’s bankruptcy case on Thursday appointed three former Griddy customers to run the creditors committee and named the lead plaintiff in a proposed class-action suit filed against Griddy, Lisa Khoury, to chair the formal group.
Class Action Representative Named to Leadership Role in Griddy Bankruptcy by Department of Justice
Lead plaintiff in proposed class action appointed Chairman of Unsecured Creditors Committee
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HOUSTON, April 1, 2021 /PRNewswire/ The United States Department of Justice, through the Office of the United States Trustee, has appointed Lisa Khoury as chairman of a committee to represent all unsecured creditors in the federal bankruptcy proceeding of Griddy Energy. Ms. Khoury is the named plaintiff responsible for filing a class action on behalf of all Griddy customers, and is represented by Derek Potts of Houston-based
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