Texas power retailer Griddy files for Chapter 11 bankruptcy protection
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Texas Power Retailer Griddy Heads Toward Bankruptcy Filing: WSJ
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Environmental News For The Week Ending 06 March 2019
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(Bloomberg) Power retailer Entrust Energy Inc. became the second electricity seller to be barred from Texas’s power market for failing to make payments after last month’s energy crisis.The Electric Reliability Council of Texas said it was revoking Entrust’s right to participate in the market and was moving its customers to rival retailers. The retailer was short more than $234 million in payments to generators and others, according to a separate Ercot filing Wednesday.Griddy Energy LLC , the retail electricity provider that came under fire after its customers received exorbitant power bills during the grid emergency, was found in default by Ercot last week.The notices come as power retailers and other companies have asked Texas regulators to suspend collection of invoices and roll back wholesale electricity prices that soared to $9,000 a megawatt-hour during the Arctic blast that crippled the grid and left millions without power for days.More defaults may be immi