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Texas power company seeks bankruptcy protection after storm

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The largest and oldest and power cooperative in Texas is filing for Chapter 11 bankruptcy protection citing last month's winter storm that left millions without power.

Brazos Electric Power Cooperative Inc., which serves 16 distribution member cooperatives that cater to more than 1.5 million Texans, said Monday that it was a “financially robust, stable company" prior to the severe cold weather that hit Texas between February 13 and February 19.

As temperatures plunged and snow and ice whipped the state, much of Texas’ power grid collapsed, followed by its water systems.

Tens of millions huddled in frigid homes that slowly grew colder or fled for safety. And a prideful state, long suspicious of regulation and outside help, was left to seek

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
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Deaths: 237 619
Recovered: 0
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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