Brazos Bankruptcy
- Brazos Electric is a generation and transmission cooperative whose members' service territory extends across 68 counties from the Texas Panhandle to Houston. Organized in 1941, Brazos Electric was the first cooperative formed in the Lone Star state for the purpose of generating and supplying electrical power. Today, it is the largest generation and transmission cooperative in Texas. Brazos Electric is the wholesale power supplier for its 16 member-owner distribution cooperatives. Owned by its member cooperatives, the Brazos Electric board of directors is comprised of one representative from each of these 16 members.
- After the February 2021 Winter Storm Uri event, Brazos filed on March 1, 2021, a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Brazos Electric initiated this financial restructuring to maintain the stability and integrity of its entire electric cooperative system. You can find more information below on the status of our wholesale power supplier.
Securitization
- Since the confirmation of the Brazos Chapter 11 Bankruptcy and the implementation of the securitization charge, we have had many good questions continue to come up. Below, we would like to share some of those questions in an effort to continue the explanation of this securitization charge.
- Securitization & Brazos Bankruptcy FAQs - Click here
