Entrust Energy Files for Bankruptcy in Texas Amid Power Fallout
- Power retailer lists $270 million disputed claim from Ercot
- Entrust was barred from Texas power market earlier this month
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Entrust Energy Inc. became the latest power retailer to file for bankruptcy after February’s winter storm in Texas sent electricity prices soaring.
The company listed assets of $100 million to $500 million and liabilities of $50 million to $100 million, according to a Chapter 11 petition filed in the Southern District of Texas on Tuesday.