HOUSTON (CBSDFW.COM) – Wholesale electricity provider, Griddy, already banned from operating in Texas following February’s winter storms, filed for bankruptcy on Monday, March 15.
Wholesale electricity prices surged during the record-cold weather.READ MORE: North Texas Seeing Plenty Of COVID-19 Vaccine Supply With No Wait Lists 'Nobody Should Get Away With Murder': Family Continues Search For Answers After Father Killed In Suspected Road Rage Shooting In Dallas
Griddy said it owes more than $29 million to ERCOT for power used last month.
Griddy lawyer Derek Potts released the following statement on the bankruptcy filing:MORE NEWS: Stimulus Check Latest: Is A Fourth Relief Payment Coming?
“Griddy’s lawyers filed for bankruptcy in federal court in Houston today, minutes before our scheduled court hearing on injunctive relief on behalf of the company’s former customers. This action by no means ends our fight to recover the tens of millions of dollars debited from Texans’ financial accounts during the storm, and to erase the negative reports made to credit agencies. We will continue to represent the class throughout the bankruptcy proceeding, protecting all Griddy customers and seeking to recover the funds that were taken from them.”