TX Electric Company Griddy Hit with $1 Billion Price Gouging Lawsuit; 5 ERCOT Board Members Resign

HeadlineFeb 24, 2021

Five out-of-state board members of Texas’s power grid operator ERCOT have resigned in the wake of last week’s widespread power outages that plunged millions into darkness in freezing temperatures after deadly winter storms engulfed the state. Meanwhile, Texas electricity company Griddy has been hit with a $1 billion class-action lawsuit over price gouging during the storm. President Joe Biden says he plans to travel to Houston on Friday.

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