Texas electricity firm files for bankruptcy citing $1.8 billion in claims from grid operator
Texas’s largest and oldest electric power cooperative filed for bankruptcy protection in Houston.
Brazos Electric Power Cooperative cited a disputed $1.8 billion bill from the state’s grid operator.
Through its 16 utility company members, Brazos provides electricity to more than 660,000 customers across the state of Texas.
Stupid question time....why doesn’t ERCOT (or whoever) just reduce the amount being charged back down to the normal amount? Just because they can charge more doesn’t mean they should!
If I recall correctly, Gov. Abbott said the increased costs shouldn’t be passed to consumers. That’s only keeping the electric companies in the middle since they’re being forced to pay for the higher charge.
Way past time to abolish ERCOT.
Didn’t a similar bankruptcy filing happen in CA with PG&E, after their fires?
Unreal what we’re witnessing™.