Energy in America

Texas Power Retailer Griddy Heads Toward Bankruptcy Filing: WSJ

Upstart Texas power retailer Griddy Energy LLC, devoid of customers and facing litigation after charging hefty amounts during the winter freeze that swept the state last month, is planning to file for bankruptcy, people familiar with the matter said.

Timing key in consulting deal between FirstEnergy, regulator

Shortly before a utility lawyer and lobbyist was appointed Ohio’s top regulator of electric and power generating companies, he received $4.3 million from top executives at one of the companies whose fortunes would soon be in his hands.