Page 4 - Michael Fallquist News Today

March 17, 2021 While many Texans last week were worried about sky-high electric bills from February’s winter storms, the state’s sole utility commissioner was privately reassuring out-of-state investors who profited from the crisis that he was working to keep their windfall safe. Texas Monthly has obtained a recording of a 48-minute call on March 9 in which Texas Public Utility Commission chairman Arthur D’Andrea discussed the fallout from the February power crisis with investors. During...

Griddy Energy has filed for Chapter 11 bankruptcy in the aftermath of the severe winter weather that hit Texas last month and triggered an energy crisis.

Griddy Energy sent huge electricity bills to customers after last month’s winter storm in Texas. It has filed for bankruptcy protection. “The actions of ERCOT destroyed our business and caused financial harm to our customers,” Griddy CEO Michael Fallquist said.

Griddy Energy has filed for Chapter 11 bankruptcy in the aftermath of the severe winter weather that hit Texas last month and triggered an energy crisis.

Griddy Energy quickly made headlines for reportedly increasing customers’ bills a jaw-dropping amount amid the crisis caused by Winter Storm Uri.

After facing extreme backlash for charging customers thousands during the winter storm, Griddy Energy has announced it has filed for bankruptcy.

The company that drew attention after sending huge electricity bills to customers after...

Griddy Energy Files for Chapter 11 Protection Seeks Court Authority to Release Customers from Outstanding Bills News provided by Share this article Share this article HOUSTON, March 15, 2021 /PRNewswire/ -- Griddy Energy LLC ("Griddy" or the "Company") announced today that it has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the Southern District of Texas, together with a proposed plan of reorganization – a key feature of which is to give releases to fo...

Texas electricity company Griddy declares bankruptcy as winter storm fallout continues By Khristopher J. Brooks Texas storm exposes issues with power grid Griddy Energy, the Texas electricity provider accused of charging customers thousands of dollars during Winter Storm Uri, said Monday it has filed for bankruptcy. Griddy was a "thriving business with more than 29,000 customers" before the winter storm struck, CEO Michael Fallquist said in a statement. The storm with recor...

Texas power retailer Griddy Energy LLC filed for bankruptcy Monday, becoming the latest casualty of the powerful cold blast and sweeping blackouts that...