Texas Power Retailer Griddy Plans to File for Bankruptcy: DJ

Power retailer Griddy Energy is planning to file for bankruptcy after Texas regulators barred it from the state’s power market for steep price increases during last month’s energy crisis, Dow Jones reports, citing unidentififed people familiar with the matter.

• The bankruptcy filing could come within days, the people told DJ
• Representatives for Griddy didn’t respond to DJ’s requests for comment

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