Texas Attorney General Ken Paxton (R) stated Tuesday that $29 million in electric expenses will be forgiven after electricity provider Griddy declared bankruptcy Monday. ” My office took legal action against Griddy Energy, under the Texas Deceptive Trade Practices Act, to hold them responsible for their escalation of last months winter storm disaster by debiting huge amounts from client accounts as Texans had a hard time to make it through the storm,” Paxton said in a declaration.” I made sure that Griddys proposed bankruptcy plan takes a crucial advance by using releases to around 24,000 former clients who owe $29.1 million in unsettled electric costs. Griddy and my workplace are engaged in continuous great faith negotiations to try to deal with extra relief for those Griddy clients who have actually currently paid their storm-related energy costs.” Paxton defined that through its bankruptcy strategy, Griddy will “launch all exceptional payment responsibilities for those Texas customers who were not able to pay their energy costs due to the high prices charged throughout the storm” which “Texas and Griddy will operate in excellent faith to deal with relief for Texans who have already paid.” Paxton had actually submitted suit versus Griddy under the Texas Deceptive Trade Practices Act after some Texans were struck with unusually high electrical expenses during last months serious winter weather even as power was knocked out in broad swaths of the state. Dozens of individuals in Texas and surrounding states passed away during the freezing conditions last month, and millions were left without power for days. Officials have stated frozen equipment at gas plants fueled the failures. Texas Gov. Greg Abbott (R) hailed the news and stated he “will continue working with the legislature to resolve remaining claims.” Texas Attorney General cleans out Griddy customers electric costs totaling $29.1 million. This solves most of the domestic client claims from the winter storm. I will continue working with the legislature to solve staying claims. https://t.co/neMhbNtOxY— Greg Abbott (@GregAbbott_TX) March 16, 2021

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