AUSTIN – Attorney General Ken Paxton said Tuesday that Texans who received high electric bills from wholesale electric provider Griddy during last month’s winter storm will receive forgiveness for outstanding payments.
“My office sued Griddy Energy, under the Texas Deceptive Trade Practices Act, to hold them accountable for their escalation of last month’s winter storm disaster by debiting enormous amounts from customer accounts as Texans struggled to survive the storm,” said Attorney General Paxton. “I ensured that Griddy’s proposed bankruptcy plan takes an important step forward by offering releases to approximately 24,000 former customers who owe $29.1 million in unpaid electric bills. Griddy and my office are engaged in ongoing good faith negotiations to attempt to address additional relief for those Griddy customers who have already paid their storm-related energy bills.”
According to Paxton, through the bankruptcy plan, Griddy will release all outstanding payment obligations for those Texas consumers who were unable to pay their energy bills due to the high prices charged during the storm. He said Texas will abate the state court lawsuit and Civil Investigative Demand and Griddy will work with it in good faith to resolve these matters.
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