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Texas' Largest Power Utility Company Files for Bankruptcy After $2.1 Billion Bill
Posted
March 1, 2021
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8,411
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March 1, 2021
8,411
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0:53Now PlayingThe largest power generation and transmission cooperative in Texas filed for bankruptcy in the wake of power outages that caused an energy crisis during the winter freeze last month. Brazos Electric Power Cooperative filed for Chapter 11 in Texas after racking up an estimated $2.1 billion in charges over seven days of the freeze.
Brazos Electric Power Cooperative filed for Chapter 11 in Texas after racking up an estimated $2.1 billion in charges over seven days of the freeze. Last year, it cost cooperative members $774 million for power for all of 2020.
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