[westwooded]

> On the same day when ERCOT announced that it had a $2.1 billion shortfall, it decided to take this action against only one company that represents a tiny fraction of the market and that shortfall. We have always been transparent and customer-centric at every step.

Griddy defaulted and was unable to pay their financial obligation to the market. They tried to put some marketing spin on this but simply put, if you cannot pay your obligations, then ERCOT will initiate the default procedure. This is terrible for the remaining market participants who are still solvent because now Griddy's debts will be shared by the market.

Griddy should inform the public how much exactly of the $2.1B short pay they are responsible for.