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Experts fear reversing electricity prices from winter storm could make things worse

Experts fear reversing electricity prices from winter storm could make things worse
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Texas Ensures Forgiveness of $29 Million in Unpaid Electric Bills After Griddy Files for Bankruptcy

Texas Ensures Forgiveness of $29 Million in Unpaid Electric Bills After Griddy Files for Bankruptcy 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 the energy company for deceptive advertising. Griddy has since filed for Chapter 11 bankruptcy after the state grid operator cut off the company’s access to customers for unpaid bills. The attorney general said that his office ensured that Griddy’s proposed bankruptcy plan would release all outstanding payment obligations for Texas residents who were unable to pay their energy bills due to the unexpected spike in prices during the storm. He said that his office and Griddy are also engaged “good faith” talks to also pr

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