The severe winter storm that hit Texas two weeks ago has claimed its first energy company victim. Brazos Electric Power Cooperative, the largest generation and transmission co-op in Texas, is expected to file for Chapter 11 bankruptcy protection shortly after…
Month: February 2021
Power supplier Vistra expects to take a $1 billion hit from Texas’ epic winter storm
Companies are beginning to sort out the big hits and windfalls, and it appears the brutal Texas freeze was a zero sum game. Radical swings up and down depend on whether a company was a fossil fuel supplier, a generator…