HEADLINES & GLOBAL NEWS
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Mar 01, 2021 09:25 AM EST
Following the winter storm that caused statewide blackouts in Texas, Brazos Electric Power Cooperative, the oldest and largest electric power cooperative in the stated filed for bankruptcy, Monday. The electric provider is hoping to get bankruptcy protection in a Houston federal court, disputing a $1.8 billion bill from the grid operator of the state.
Texas Largest Power Cooperative Files for Bankruptcy
Brazos Electric Power Cooperative Inc. is just one of the dozens of power providers who have been struggling on charges that stemmed from last month s winter snap. According to executives, the winter storm fallout poses a threat to power marketers and utilities who are now facing blackout-related charges which are worth billions of dollars collectively, NPR reported.
Texas power company seeks bankruptcy protection after s
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Largest Texas power company files for bankruptcy protections
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Brazos Electric Power Cooperative, Inc Files for Chapter 11 Financial Restructuring
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Texas Attorney General Ken Paxton s office filed a suit Monday against the wholesale power retailer, alleging that the company misled customers with deceptive advertising and marketing practices.
I was one of the victims!
While I didn t panic, I expected some type of legal move to be made against the company. It s good to see that my assumption was correct.
It seems as if there were other people experiencing this same issue. In fact, one woman was charged $10,000 with the same company.
In another example, a household paying $2 a day for electricity was ultimately charged $640 per day.
Where in the world is that right?