Page 7 - Michael Fallquist News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 that call, which was hosted by Bank of America Securities and closed to the public and news media, ...

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.