Oldest Texas electricity co-op goes bust after getting hit with $2 billion bill

The largest and oldest power cooperative in Texas is filing for Chapter 11 bankruptcy protection, citingĀ last month’s winter storm that left millions of state residents without power.Brazos Electric Power Cooperative, which serves 16 distribution member co-ops that cater to more than 1.5 million Texans, said Monday that it accumulated $2.1 billion in bills during the severe cold that hit Texas between February 13 and 19…Read More

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