Brazos Electric Seeks Creditor Approval for $1.4 Billion Bankruptcy Plan Emerging from 2021 Storm Costs

Brazos Electric Cooperative received the go-ahead from Chief U.S. Bankruptcy Judge David Jones to seek creditor approval for its bankruptcy plan that provides for Brazos to pay $1.4 billion to the Electric Reliability Council of Texas (ERCOT) for costs stemming from February 2021 winter storms. During that time period, Brazos incurred a $2.1 billion bill from ERCOT, almost three times its total power costs for 2020, causing Brazos to file bankruptcy.

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