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Texas electricity co-op Brazos files for bankruptcy


Brazos Electric Power Cooperative supplies 16 firms and 1.5 million Texans
The co-operative filed for bankruptcy after it was hit by massive ERCOT invoices
Brazos said the excessively high invoices for the seven-day black swan winter event were nearly three times its total power cost of $774 million for 2020
Lawmakers signalled their intentions to hold power companies accountable 
Texas Governor Greg Abbott has ordered an investigation into ERCOT
Texas Attorney General Ken Paxton said that he is suing Griddy, a company that sold wholesale-rate plans, for passing along massive bills to its customers  ....

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Power company seeks bankruptcy protection after storm; Brazos Electric serves parts of Bell, Milam and Falls counties


The largest and oldest power cooperative in Texas is filing for bankruptcy protection, citing last month’s winter storm that left millions without power, and it is unlikely to be the last utility to seek shelter in the courts.
Brazos Electric Power Cooperative serves distributors that supply electricity to more than 1.5 million Texans in 68 counties from the Panhandle to Houston. Brazos said Monday that it was a “financially robust, stable company” before the Arctic freeze that hit Texas between Feb. 13 and Feb. 19. The cooperative’s service area includes parts of southern and eastern Bell County as well as parts of Milam and Falls counties. ....

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