Texas Power Retailer Griddy Files for Chapter 11 Bankruptcy
Texas power retailer Griddy Energy LLC on Monday filed for Chapter 11 bankruptcy after the state grid operator cut off the company’s access to customers for unpaid bills following a rare deep freeze in the state. Griddy sold power to customers at market rates. When power prices spiked to $9,000 per megawatt hour (MWh) and […]
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