The company in court documents says it received an essentially unpayable $1.8 billion bill from the Electric Reliability Council of Texas, the entity that maintains and operates much of the state's electricity grid.

The price for wholesale electricity was set at the maximum price of $9,000 per megawatt hour for more than four straight days. ERCOT also imposed other ancillary fees totaling more than $25,000 per megawatt hour

Brazos said in its court filing, "The consequences of these prices were devastating."

The company received invoices for the seven day winter storm event by ERCOT "which, when combined, amounted to over $2.1 billion, payment of which was required within days," the court filings say.

Ancillary fees of more than $25,000 per megawatt hour?

Probably severance packages for the departing board lol

Probably severance packages for the departing board lol

It's going to be interesting how all this shakes out as we the consuming public learns about how these layers of agencies on the state and private levels operated. I feel for these co-ops at this point but how many of them didn't read the "fine print"? ERCOT seems to be a multi headed beast at this point.

Yep. I’m very interested in the exposés of what exactly happened, especially with ERCOT.

Bravos executive Vice President was on ERCOT board and resigned yesterday. Website says the co-op reaches from Lubbock to Navasota and includes some towns around the metromess. Corinth for one.

Bravos executive Vice President was on ERCOT board and resigned yesterday. Website says the co-op reaches from Lubbock to Navasota and includes some towns around the metromess. Corinth for one.