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Power Supplier Burned by Texas Freeze Fires Its Entire Staff

  • Liberty Power fired all employees by email sent Sunday night
  • Cites doubts over ‘revenues to support continued operations’
Photographer: Joe Raedle/Getty Images

Liberty Power, an electricity retailer that serves customers in about a dozen states, fired all its employees after suffering deep losses in the Texas freeze.

The company was unable to give employees a 60-day notice because of “events which are outside our control that impacted our ability to predict future revenues to support continued operations,” President Derik Viner told staff late Sunday night in an email seen by Bloomberg News.