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Griddy Energy, the Texas company that sent sky-high electricity bills to customers during the life-threatening winter storm last month, filed for Chapter 11 bankruptcy protection in the Southern District of Texas on Monday.
The company made the announcement on its website in a post that blamed the Electric Reliability Council of Texas (ERCOT), which operates the state's electric grid.
"The actions of ERCOT destroyed our business and caused financial harm to our customers," Griddy Chief Executive Officer Michael Fallquist said in a statement.
Griddy has $1 million to $10 million in estimated assets and $10 million to $50 million in estimated liabilities, the company said in the filing. Over $29 million is owed to ERCOT, the filing says.
it protects the creditors at the same time,,You can blame neocons like the Bushes for creating these bankruptcy loopholes to protect their lowlife friends.
LMAO...doesn't understand that bankruptcy doesn't mean they are going away.Texas energy company that charged huge electric bills during storm files for bankruptcy | CNN
Griddy Energy, the Texas company that sent sky-high electricity bills to customers during the life-threatening winter storm last month, filed for Chapter 11 bankruptcy protection in the Southern District of Texas on Monday.
Griddy Energy, the Texas company that sent sky-high electricity bills to customers during the life-threatening winter storm last month, filed for Chapter 11 bankruptcy protection in the Southern District of Texas on Monday.
The company made the announcement on its website in a post that blamed the Electric Reliability Council of Texas (ERCOT), which operates the state's electric grid.
"The actions of ERCOT destroyed our business and caused financial harm to our customers," Griddy Chief Executive Officer Michael Fallquist said in a statement.
Griddy has $1 million to $10 million in estimated assets and $10 million to $50 million in estimated liabilities, the company said in the filing. Over $29 million is owed to ERCOT, the filing says.
Well bye bye Griddy.
32-year old deabbeat.LMAO...doesn't understand that bankruptcy doesn't mean they are going away.Texas energy company that charged huge electric bills during storm files for bankruptcy | CNN
Griddy Energy, the Texas company that sent sky-high electricity bills to customers during the life-threatening winter storm last month, filed for Chapter 11 bankruptcy protection in the Southern District of Texas on Monday.
Griddy Energy, the Texas company that sent sky-high electricity bills to customers during the life-threatening winter storm last month, filed for Chapter 11 bankruptcy protection in the Southern District of Texas on Monday.
The company made the announcement on its website in a post that blamed the Electric Reliability Council of Texas (ERCOT), which operates the state's electric grid.
"The actions of ERCOT destroyed our business and caused financial harm to our customers," Griddy Chief Executive Officer Michael Fallquist said in a statement.
Griddy has $1 million to $10 million in estimated assets and $10 million to $50 million in estimated liabilities, the company said in the filing. Over $29 million is owed to ERCOT, the filing says.
Well bye bye Griddy.
32-year old deabbeat.
YUMMY!
I'm thinking that in a perfect world, there would be responsible barrowing and lending where everyone is forced to live within their means. We can discuss our federal government later.it protects the creditors at the same time,,You can blame neocons like the Bushes for creating these bankruptcy loopholes to protect their lowlife friends.
before the creditors got screwed,,,
the discussion is about companies doing business not people living their lives,,I'm thinking that in a perfect world, there would be responsible barrowing and lending where everyone is forced to live within their means. We can discuss our federal government later.it protects the creditors at the same time,,You can blame neocons like the Bushes for creating these bankruptcy loopholes to protect their lowlife friends.
before the creditors got screwed,,,
Are you a GWB loving neocon? Sounds like it.the discussion is about companies doing business not people living their lives,,I'm thinking that in a perfect world, there would be responsible barrowing and lending where everyone is forced to live within their means. We can discuss our federal government later.it protects the creditors at the same time,,You can blame neocons like the Bushes for creating these bankruptcy loopholes to protect their lowlife friends.
before the creditors got screwed,,,
and youre the one that brought up government not me,,
They're not going away. They will be restructured and will continue to operate in the energy markets in some capacity.
if you were an american you would know how chapter 11 works,, sadly youre just a foreigner sticking their nose where it doesnt belong,,So the Chapter 11 is just a ploy to screw their creditors.
it's to stop the lawsuits....So the Chapter 11 is just a ploy to screw their creditors.
