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

by

Texas Attorney General Ken Paxton (R) said Tuesday that $ 29 million in electricity bills will be forgiven after electricity supplier Griddy went bankrupt on Monday.

“My office sued Griddy Energy under the Texas Misleading Business Practices Act to hold them accountable for the escalation of last month’s winter storm disaster, debiting huge sums from customer accounts as Texans struggled to survive. the storm, “Paxton said in a statement.

“I have made sure that the bankruptcy plan proposed by Griddy takes an important step forward by offering releases to approximately 24,000 former customers who have unpaid electricity bill debts of $ 29.1 million. Griddy and my office are engaged in ongoing good faith negotiations to try to address an additional exemption for those Griddy customers who have already paid their energy bills related to the storm.

Paxton said that through its bankruptcy plan, Griddy would “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” and that “Texas and Griddy will work in good faith to alleviate addresses for Texans who have already paid. ”

Paxton filed a lawsuit against Griddy under the Texas Misleading Business Practices Act after some Texans were hit with abnormally high electricity bills in the harsh winter weather last month, even though power was removed in large areas of state.

Dozens of people in Texas and surrounding states died last month in freezing conditions, and millions were without power for days. Officials said frozen equipment at the natural gas plants had fueled the outages.

Texas Gov. Greg Abbott (R) welcomed the news and said he “will continue to work with the legislature to resolve the remaining issues.”

.Source