Texas Crisis Drives First Public Power Bankruptcy, With More Fallout Expected

By [email protected] The financial fallout from the Texas energy system collapse of two weeks ago has begun. And with tens of billions of dollars in energy costs yet to be settled from a week of sky-high wholesale electricity prices in the midst of a breakdown of the state’s power generation system, the wave of financial disruption is likely just getting started.

On Monday, Brazos Electric Power Cooperative, which provides power to 16 distribution cooperatives serving about 700,000 customers in 68 counties, filed for Chapter 11 bankruptcy protection to protect it from an estimated $2.1 billion in energy costs and charges owed

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