INTERNATIONAL – A major utility in the US state of Washington, Grant County public utility district, and its commissioners are facing a lawsuit filed by nine cryptocurrency firms. The suit alleges that they “acted inappropriately in creating and approving a new rate that raises electricity costs” for cryptocurrency miners.
Grant County public utility district (Grant PUD) in Washington state has revealed that nine cryptocurrency firms have filed a lawsuit against it and its commissioners relating to the increased electricity costs imposed on them for mining cryptocurrencies.
At a meeting which took place on January 8, the commissioners agreed that “Grant PUD would cover the cost of legal defense for commissioners Tom Flint, Dale Walker and Larry Schaapman, as well as former commissioners Terry Brewer and Bob Bernd, and 10 PUD employees”, the meeting note reads, adding: “All are co-defendants in a suit filed against Grant PUD in U.S. District Court of Eastern Washington by nine cryptocurrency-related firms who allege Grant PUD, its commissioners and some employees acted inappropriately in creating and approving a new rate that raises electricity costs for them and other new ‘evolving industry’ customers.”
Grant PUD serves more than 50,510 customers throughout the county, its website claims. According to Ifiberone publication, the utility released a statement about the lawsuit on Thursday. “We are aware of the litigation and plan to file a response to the notice of complaint in federal court before the end of the month.”
Higher Rates for Crypto Miners