Texas Energy Co-Op Files For Bankruptcy After Storm, High Bill – Nation & World News wuft.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wuft.org Daily Mail and Mail on Sunday newspapers.
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The largest power cooperative in Texas filed for bankruptcy protection Monday, citing a massive bill from the state s electricity grid operator following last month s winter storm that left millions of residents without power for days.
Brazos Electric Power Cooperative Inc. filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas, according to court documents reviewed by NPR.
The company in court documents says it received an essentially unpayable $1.8 billion bill from the Electric Reliability Council of Texas, the entity that maintains and operates much of the state s electricity grid.
Brazos Electric is the wholesale energy provider for its 16-member cooperative.
Brazos Electric Power Cooperative, Inc Files for Chapter 11 Financial Restructuring focusdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from focusdailynews.com Daily Mail and Mail on Sunday newspapers.
<figcaption> Residents evacuate the Rebekah Baines Johnson Center in Austin on Feb. 17, 2021. The center lost power as a result of the winter storm that hit the state. <cite>Credit: The Texas Tribune</cite>
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Texas Energy Co-Op Files For Bankruptcy After Storm, High Bill kwit.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kwit.org Daily Mail and Mail on Sunday newspapers.