Texas officials say $ 29 million in electricity bills will be forgiven

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Texas Attorney General Ken Paxton (right) said Tuesday that $ 29 million in utility bills would be waived after electricity supplier Griddy filed for bankruptcy on Monday.

“My office sued Griddy Energy, under the Texas Deceptive Trade Practices Act, to hold them accountable for escalating last month’s winter storm by debiting huge sums from accounts receivable as Texans struggled to survive. the storm, ”Paxton said in a statement.

“I ensured that Griddy’s proposed bankruptcy plan took a significant step forward by providing discharges to approximately 24,000 former customers who owe $ 29.1 million in unpaid utility bills. Griddy and my office are engaged in ongoing good faith negotiations in an attempt to provide relief to Griddy customers who have already paid their storm related energy bills. ”

Paxton clarified that through his bankruptcy plan, Griddy “will release all overdue payment obligations for Texas consumers who were unable to pay their energy bills due to the high prices charged during the storm. And that “Texas and Griddy will work in good faith to address relief to the Texans who have already paid.” “

Paxton had filed a lawsuit against Griddy under the Texas Deceptive Trade Practices Act after some Texans were hit by unusually high electricity bills during the harsh winter conditions last month, even as power was cut off in large areas. parts of the state.

Dozens of people in Texas and neighboring states died in the freezing conditions of the past month, and millions were left without power for days. Officials said frozen machines at natural gas plants fueled the blackouts.

Texas Governor Greg Abbott (right) welcomed the news and said he “will continue to work with the legislature to resolve the remaining claims.”



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