Consumer Law
A Major Texas Power Cooperative Files for Bankruptcy Citing a $1.8B Bill
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.
