HEADLINES & GLOBAL NEWS
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Mar 01, 2021 09:25 AM EST
Following the winter storm that caused statewide blackouts in Texas, Brazos Electric Power Cooperative, the oldest and largest electric power cooperative in the stated filed for bankruptcy, Monday. The electric provider is hoping to get bankruptcy protection in a Houston federal court, disputing a $1.8 billion bill from the grid operator of the state.
Texas Largest Power Cooperative Files for Bankruptcy
Brazos Electric Power Cooperative Inc. is just one of the dozens of power providers who have been struggling on charges that stemmed from last month s winter snap. According to executives, the winter storm fallout poses a threat to power marketers and utilities who are now facing blackout-related charges which are worth billions of dollars collectively, NPR reported.
After millions of individuals left without electricity in the middle of the brutal winter weather last week, four board members of the state’s power grid operator intend to resign due to the Texas blackouts.
As the South carried on with recovery efforts in the wake of a devastating winter storm, hospitals around the region grappled with water shortages as the South experienced a low water supply on Sunday
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