The Great Texas Electrical Hand-Washing Continues

[Zeedox]

Texas power cooperative files for bankruptcy, citing $1.8 billion grid debt

The largest and oldest electric power cooperative in Texas filed for bankruptcy protection in Houston on Monday, citing a disputed $1.8 billion debt to the state's grid operator.

www.reuters.com

HOUSTON (Reuters) - Texas’s largest and oldest electric power cooperative on Monday filed for bankruptcy protection in federal court in Houston, citing a disputed $1.8 billion bill from the state’s grid operator.

Brazos Electric Power Cooperative Inc is one of dozens of electricity providers facing enormous charges stemming from a severe cold snap last month. The fallout threatens utilities and power marketers who collectively face billions of dollars in blackout-related charges, executives said.

 

[Gomez Adams]

Oh my. What a complete, walking, talking, breathing cluster.

Well, Texas wanted no regulation. They got it. Now all the shell entities owned by the same people that run ERCOT are all filing for bankruptcy.

That of course will leave ERCOT holding the bag and they will file as well, pocketing all the money from the exorbitant fees they've been charging to fund the legal fees to come.

In the end, the tax payers of Texas will be left holding the bag.

It's the perfect crime once again brought to you by the GOP.

 

[Hugo Stiglitz]

Capitalism at its best. Milk that shit for all its worth then file bankruptcy and walk away.

 

[Grimhogun]

Theyll blame Obama.

 

[Zeedox]

AG sues Texas utility over customers' sky-high energy bills

AUSTIN, Texas (AP) — Texas' attorney general said Monday he's suing electricity provider Griddy for passing along <a href="https://apnews...

apnews.com

 

[Gomez Adams]

That's going to turn into a circle jerk. Everybody suing everybody with everybody filing bankruptcy.

 

[Hugo Stiglitz]

I'll bet good money the AG is a stock holder in one of the reseller companies.

 

[Gomez Adams]

It certainly wouldn't surprise me.

 

[Grimhogun]

AG sues Texas utility over customers' sky-high energy bills

AUSTIN, Texas (AP) — Texas' attorney general said Monday he's suing electricity provider Griddy for passing along <a href="https://apnews...

apnews.com

So the state is suing the state for the shitstorm the state created. Sounds about right for Texas.

 

[Hugo Stiglitz]

The fucking idiot governor just removed all covid restrictions and opened all businesses as well. Texas is a shithole run by shitheads.

 

[Zeedox]

The fucking idiot governor just removed all covid restrictions and opened all businesses as well. Texas is a shithole run by shitheads.

I just posted the story in the COVID thread