Michael Davis
Griddy, the Houston electricity retailer that sent those massive bills to customers after the big snowstorm, has had a bad few days. On Feb. 26, ERCOT shut them down for non payment of bills. On the following Monday the Texas Attorney General filed legal actions accusing them of things like price gouging and fraud.
Maybe Griddy is the most corrupt business since Al Capone’s bootlegging empire or maybe they’re just a victim of unprecedented bad weather. The lawyers can sort all that out. But whether Griddy somehow survives or fails, we should all hope something very similar to the Griddy business model lives on.
Here’s why. …