Could be, could also be fake to drum up support for a new business that’s woke and doesn’t understand the consequences of a lie. I’d assume there’d be more businesses posting outrageous bills as well if this was common practice in that area.

Or could it have been related to work to be done to get the electric up and running since this was their first bill?

I’m skeptical because it doesn’t show any of the breakdown.

The place could be like Commiefornia where they passed a law saying if you use 3 times the amount of your 'baseline' allocation (number that they come up with pulled out of their asses) that you can be charged up to 10 times the baseline cost for electricity.