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The Texas Lawbook: Brazos Electric Bankruptcy Heads to Finish LineSeptember 08, 2022
Brazos Electric Power Cooperative’s final bankruptcy plan is expected to be filed within the coming days. The co-op filed for Chapter 11 protection after receiving a US$1.9 billion bill from the Electric Reliability Council of Texas following Winter Storm Uri in February 2021. “We believe we have an agreement in principle with all the major stakeholders,” said O’Melveny & Myers LLP partner Lou Strubeck, who represents Brazos. “There will be some final adjustments, but we believe we will have a plan in front of the judge next week for him to approve and will allow us to start moving forward.”
The Texas Lawbook subscribers can read the full article here.