Texas utility files for bankruptcy after $2.1 bn power bill

Houston (AFP) – The largest electricity co-operative in Texas has filed for bankruptcy protection after it received a $2.1 billion bill from the state’s grid operator following last month’s winter storm that left millions without power. Bitterly cold weather in mid-February left millions without electricity across Texas as the Arctic conditions overwhelmed local utility companies ill-prepared for such weather. Brazos Electric Power Cooperative, which supplies 16 co-op members serving more than 1.5 million Texans, said it filed for Chapter 11 bankruptcy on Monday after receiving “excessively hi…

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