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Griddy Customers Now Must Pursue Paybacks from Natural Gas and Electricity Providers

Submitted by jhartgen@abi.org on

Griddy Energy customers got another scare this week when they received a notice from a U.S. bankruptcy court that their class-action lawsuit had been dismissed. But the order signed Tuesday by U.S. Bankruptcy Court Judge Marvin Isgur isn’t the end of efforts to refund former customers at least some of the exorbitant electric bills they paid Griddy during Texas’ epic February freeze, the Dallas Morning News reported. “The class-action case wasn’t going to go anywhere,” said Derek Potts, the lawyer who filed the lawsuit against Griddy. Griddy, which filed for bankruptcy in March, didn’t have the assets to pay creditors and the administrative costs of the bankruptcy. Lawyer fees in the case have topped $3.5 million. But Griddy’s former customers and other creditors can still seek damages from companies that do have assets, such as natural gas and energy providers that collected windfalls during that week in February when electricity prices shot up. Potts’ Houston-based law firm has been hired by the bankruptcy court to move ahead with other lawsuits that could lead to paybacks to former customers.