Goldman Sells $53 Million of Bankrupt Texas Utility Claims msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Griddy Energy customers may be off the hook for exorbitant energy bills after company files bankruptcy
Texas Tribune
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Griddy Energy filed for bankruptcy Monday, which if approved in court, will let former customers off the hook for electric bills incurred during the late-February winter storm including many who reported receiving bills charging them thousands of dollars.
Griddy’s approximately 29,000 customers were charged $29 million for energy during the winter storm, according to court documents. The wholesale electricity retailer, which has recently been forced out of the market, charged a $9.99 monthly fee and, in turn, passed along wholesale prices to customers.
Texas company behind huge electricity bills seeks bankruptcy krgv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from krgv.com Daily Mail and Mail on Sunday newspapers.
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
Griddy Seeks Bankruptcy Protection Following Texas Energy Crisis manufacturing.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manufacturing.net Daily Mail and Mail on Sunday newspapers.