Texas AG forgives $ 29 million in unpaid bills as part of a lawsuit against the energy supplier

Texas Attorney General Ken Paxton on Wednesday pardoned $ 29 million in unpaid bills as part of a lawsuit against Griddy Energy after an unusual snowstorm cut off the power of millions of Texans in February.

Paxton filed the lawsuit against Griddy after the energy company charged customers “astronomical electricity bills” after the storm and therefore “got involved in false, deceptive and deceptive acts”, according to the lawsuit.

TEXAS ENERGY RETAILER GRIDDY IS IN BANKRUPTCY

“My office sued Griddy Energy, according to the Texas Deceptive Trade Practices Act, to hold them accountable for the escalation of last month’s winter storm disaster, debiting huge amounts of customer accounts while Texans struggled to survive the storm” , Paxton said in a statement on Thursday. .

Power lines in Houston. (AP Photo / David J. Phillip, Archives)

Griddy is filing for Chapter 11 bankruptcy. As part of his bankruptcy plan, Paxton said the company will offer “releases to approximately 24,000 former customers who owe $ 29.1 million in unpaid electricity bills”.

GET FOX BUSINESS ON THE MOVE BY CLICKING HERE

“Griddy and my office are involved in ongoing good faith negotiations to try to offer additional relief to Griddy customers who have already paid their storm-related energy bills,” said Paxton.

The company said in a February 19 statement that it is “committed to crediting customers for any relief received, dollar for dollar” and that it is working with the Texas Electric Reliability Council and the Texas Public Utility Commission to do this. .

CLICK HERE TO READ MORE ABOUT FOX BUSINESS

The company will also release all outstanding payment obligations for Texans who were unable to pay their bills after the storm, work with civil investigative demand and deal with relief for Texans who have already paid their expensive electricity bills.

Source