Attorney General Ken Paxton announced details of the approved settlement following the lawsuit against Griddy Energy, LLC after Winter Storm Uri. This settlement, along with Griddy’s confirmed bankruptcy plan of liquidation, releases former Griddy customers from any and all outstanding balances otherwise due and owing to Griddy, unless they elect to opt out of the release. Former customers may pursue a legal claim in the bankruptcy court to recover any monies they may have already paid for electricity they consumed during the winter storm. The settlement also permanently enjoins Griddy and its parent company, Griddy Holdings, from making any false or misleading statements in the advertising of retail electricity.
Read the settlement here.
Read the Agreed Final Judgment and Permanent Injunction here.