FILE - This Tuesday, Feb. 16, 2021, file photo shows power lines in Houston. When an unusually heavy winter storm blanketed much of Texas with snow, knocking out electricity to millions of homes and leaving many struggling to find clean water, one sector of the population was particularly vulnerable: inmates in Houston at the state's largest county jail.
Brazos Electric Power Cooperative, which serves 16 distribution member cooperatives that cater to more than 1.5 million Texans across 68 counties from the Texas Panhandle to Houston, said Monday that it was a “financially robust, stable company” prior to the severe cold weather that hit Texas between February 13 and February 19.
“Let me emphasize that this action by Brazos Electric was necessary to protect its member cooperatives and their more than 1.5 million retail members from unaffordable electric bills as we continue to provide electric service throughout the court-supervised process,” Clifton Karnei, executive vice president and general manager of Brazos, said in a prepared statement.
The bankruptcy filing comes the same day that Texas Attorney General Ken Paxton said that he’s suing electricity provider Griddy for passing along massive bills to its customers during February’s winter storm. The lawsuit accuses Griddy of violating the Texas Deceptive Trade Practices Act and seeks refunds for customers.
… why can’t customers have a ”bankruptcy protection”?! .. times when natural catastrophes comes?! 🤔🤷♂️
… why can’t customers have a ”bankruptcy protection”?! .. times when natural katastrofs comes?! 🤔🤷♂️
Excellent.
The easy way out! Chickens 🐔. They should still be sued!
Let them pay, griddy did nothing wrong as they also recommended to their customers to switch to fixed rate competitors. Yes you got a better rate than fixed as long as there was no demand, on the flipping you pay more when there is demand. Greedy people lost on the bet,
$12k light bills. Companies don't pay this much in a week period. Regular users getting hosed.
elonmusk Runs like a top.
Ken paxton is a joke. Trying to make them the scapegoat when we know its the republicans and ercot who run things.
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Do you really believe that the leadership of Texas gives a damn about their constituents? They don't, they're to busy partying in Florida having their photo taken with golden effigy of donald trump.Evidently they forgot the 1st commandment. 1/2.
Ha, watch the American tax payer bail out the Texas unregulated power industry.
But windmills and solar panels are an eye sore...lol
How'd that deregulation work out for you guys?
Ummm .......Fuch That!
Texas has become Americas National Embarrassment, literally overnight.
Why sue the providers for doing exactly what the contracts the customers signed said would happen in a high demand situation. I thought Texas was proud of their free market. Now they are suing the market they created? Is Texas schizophrenic?
The ceo of this coop makes 3 million,& he was on the ercot board.The board members of this co-op also make big $ just 4a few hours a month,not 2mention all the upper management pay is 6 figures.When will these so called member owned co-ops be investigated? Non4profit?WhatAjoke!
Texas AG, freshly back from vacation in Utah, feels guilty about being elite
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The company is called Griddy? Is that like naming a boat Boaty McBoatface?
No. The price gouging against stricken customers must be punished. Do not let them hide behind a bankruptcy.
💖 Please read 💖👀 WE'RE OUT OF TIME to secure His 'Aftercare fund' for years of proper follow up & meds. Late March the window opens for His transplant, Please consider a donation, if You can't afford to, please just retweet, it helps!😍 AboysHeart
Texas politicians big talk about independence and freedom from regulation falls flat at first test.
This is what happens to states that vote Rep.
No. Let the 'Free Market' do its job.
So the Texas AG is a socialist not letting the free market operate. /s
Enron
Good ole capitalism
Hahahaha Watching these idiots destroy each other is 🍿 Shame it took mass murder to make it happen.
Lol...
How interesting to see it falling apart when the Rs in power have been going on about deregulation forever. Now, it blew up in their face and they're pretending to care? Hopefully, Americans get help that they deserve.
Texas falling apart.
I think the Trumplicans's should be charged by the International COURT for their CRIMES against humanity!!