Chapter 11 bankruptcy

The group considered Texas’ oldest and largest electricity cooperative has filed for Chapter 11 bankruptcy protection, saying it can’t pay money wanted by the state’s grid operator in connection with power outages during a major winter storm that hit in February. Brazos Electric Power Cooperative filed its bankruptcy petition March 1 in the U.S. Bankruptcy […]

In a modern economy increasingly dependent on electric power, blackouts can wreak havoc when the loads are critical to life, business, and even a comfortable lifestyle. The problem may be growing, but there