The Grind:
A $1 billion class-action lawsuit has been filed against Texas wholesale electricity retailer Griddy Energy for allegedly charging exorbitant prices during last week’s historic storm that left millions powerless in the freezing cold.
The Details:
The lawsuit was filed on behalf of Chambers County resident Lisa Khoury in Harris County on Monday, who claimed her electricity bill soared to $9,340 the week of the storm. According to the lawsuit, her average monthly bills typically range from $200 to $250.
She said Griddy automatically withdrew $1,200 from her bank account from Feb. 13 to 18 and her overall bill from Feb. 1 to 19 was $9,546. The lawsuit states that some customers had bills as high as $17,000.
The complaint accused the company of “overcharging” some 29,000 customers “knowing consumers would be harmed.” Read more…