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Re: Brazos Electric Co-Op Files Bankruptcy
[Re: Monty Wright]
#13906672
03/01/21 05:34 PM
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Joined: Aug 2002
Posts: 1,114
Blue Moon
Extreme Angler
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Extreme Angler
Joined: Aug 2002
Posts: 1,114 |
Brazos is upstream of many of the electric cooperatives in Texas, including the largest, CoServ in Denton County with 158K members. Hopefully this isn't a trainwreck for all of us that have one of these cooperatives as our provider. Many in rural areas served by electric cooperatives don't have a provider choice. Here is the info on Brazos from their site:Brazos Electric is a 3,994 megawatt generation and transmission cooperative whose members' service territory extends across 68 counties from the Texas Panhandle to Houston. Organized in 1941, Brazos Electric was the first cooperative formed in the Lone Star state for the purpose of generating and supplying electrical power. Today, it is the largest generation and transmission cooperative in Texas. Brazos Electric is the wholesale power supplier for its 16 member-owner distribution cooperatives and one municipal system. Owned by its member cooperatives, the Brazos Electric board of directors is comprised of one representative from each of these 16 members.
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Re: Brazos Electric Co-Op Files Bankruptcy
[Re: Monty Wright]
#13906674
03/01/21 05:36 PM
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Joined: May 2007
Posts: 45,018
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 45,018 |
So has anyone gotten a bill yet
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Re: Brazos Electric Co-Op Files Bankruptcy
[Re: cob]
#13906675
03/01/21 05:36 PM
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Joined: Apr 2006
Posts: 26,560
outfishdya
TFF Guru
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TFF Guru
Joined: Apr 2006
Posts: 26,560 |
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. My dad is Corinth and he didn't see a power blip the whole week. Not sure who his service is with
Sometimes a bitter man trying to be a better man
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Re: Brazos Electric Co-Op Files Bankruptcy
[Re: Monty Wright]
#13906685
03/01/21 05:44 PM
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Joined: Apr 2004
Posts: 375
irbf
Angler
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Angler
Joined: Apr 2004
Posts: 375 |
This is not a joking matter to all of us that are served by a co-op electric company. We have been told by our co-op that they are Not changing our rates. So how does the middle man absorb a billion dollar debt?
2008 BassCat Puma, 250 ProXS
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Re: Brazos Electric Co-Op Files Bankruptcy
[Re: irbf]
#13906689
03/01/21 05:46 PM
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Joined: Apr 2006
Posts: 26,560
outfishdya
TFF Guru
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TFF Guru
Joined: Apr 2006
Posts: 26,560 |
This is not a joking matter to all of us that are served by a co-op electric company. We have been told by our co-op that they are Not changing our rates. So how does the middle man absorb a billion dollar debt? The debt is an imaginary amount which will either be paid by FEMA, Insurance, and / or our future bills....
Sometimes a bitter man trying to be a better man
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Re: Brazos Electric Co-Op Files Bankruptcy
[Re: Monty Wright]
#13906709
03/01/21 05:56 PM
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Joined: Feb 2008
Posts: 1,097
ZeroHour
Extreme Angler
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Extreme Angler
Joined: Feb 2008
Posts: 1,097 |
GVEC here in SA said its not passing on the costs they received. Not sure how or what but I have my bill covering the time frame and its only like 15$ higher than my average summer bill.
Chris Dombkowski San Antonio TX Team Daiwa RMR Industries (Makers of BTS and KVD Line and Lure) Rudy Project Eyewear
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Re: Brazos Electric Co-Op Files Bankruptcy
[Re: outfishdya]
#13906727
03/01/21 06:13 PM
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Joined: Apr 2004
Posts: 375
irbf
Angler
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Angler
Joined: Apr 2004
Posts: 375 |
This is not a joking matter to all of us that are served by a co-op electric company. We have been told by our co-op that they are Not changing our rates. So how does the middle man absorb a billion dollar debt? The debt is an imaginary amount which will either be paid by FEMA, Insurance, and / or our future bills.... Evidently it wasn't "imaginary" to Brazos Electric as they declared bankruptcy because of this bill.
2008 BassCat Puma, 250 ProXS
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Re: Brazos Electric Co-Op Files Bankruptcy
[Re: Monty Wright]
#13906730
03/01/21 06:16 PM
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Joined: Dec 2007
Posts: 17,515
bloo_rainger
TFF Guru
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TFF Guru
Joined: Dec 2007
Posts: 17,515 |
what about Wood County co-op.?
are we good?
ALL HAIL TRUMP
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Re: Brazos Electric Co-Op Files Bankruptcy
[Re: Monty Wright]
#13906733
03/01/21 06:18 PM
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Joined: Jul 2010
Posts: 80,901
banker-always fishing
Pumpkin Head
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Pumpkin Head
Joined: Jul 2010
Posts: 80,901 |
City Public Service is my electric company here in San Antonio. Got my bill and it was only $62.00, I have a garden home and it is pretty good on energy savings. My heater is operated by natural gas which is serviced by Center Point Energy Company out of Houston. My next gas bill will have the dates of the freeze figured into that. 
![[Linked Image]](http://imagizer.imageshack.us/v2/xq90/823/ycku.jpg) ![[Linked Image]](http://imagizer.imageshack.us/v2/xq90/560/ukw3.jpg) IGFA World Record Rio Grande Cichlid. Lake Dunlap. John 3:16 Sinner's Prayer. God forgive me a sinner. I accept Jesus Christ as my Savior !
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Re: Brazos Electric Co-Op Files Bankruptcy
[Re: Monty Wright]
#13906736
03/01/21 06:20 PM
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Joined: Jun 2011
Posts: 7,425
Dave-0
DYSON
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DYSON
Joined: Jun 2011
Posts: 7,425 |
I'm on United Services Co-Op in Cleburne. Never lost power or even a brown out. My power bill was $150, which is double what I normally pay. Had a tent and a heater in the pump house so the well wouldn't freeze.
I'll gladly pay that for the outstanding service we had through all of it. At work, it's the entire end of the spectrum.
Laws won't fix a sin problem. What this world needs is a revival, change of the heart. ~The Skipper
Age is a number. Old is a lifestyle.
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Re: Brazos Electric Co-Op Files Bankruptcy
[Re: Monty Wright]
#13906744
03/01/21 06:24 PM
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Joined: Apr 2004
Posts: 375
irbf
Angler
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Angler
Joined: Apr 2004
Posts: 375 |
IMO all co-op's have this potential problem as ERCOT passes on its high bills due to lack proper planning for disasters such as this.
2008 BassCat Puma, 250 ProXS
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Re: Brazos Electric Co-Op Files Bankruptcy
[Re: Monty Wright]
#13906750
03/01/21 06:27 PM
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Joined: Feb 2018
Posts: 17,160
Sawhorse
TFF Guru
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TFF Guru
Joined: Feb 2018
Posts: 17,160 |
I’m on CoServ and haven’t yet received my bill. If they price gouge I will boycott electricity.
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Re: Brazos Electric Co-Op Files Bankruptcy
[Re: Monty Wright]
#13906767
03/01/21 06:43 PM
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Joined: Jun 2013
Posts: 2,801
Patriot7Six
Extreme Angler
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Extreme Angler
Joined: Jun 2013
Posts: 2,801 |
Since we didn't have power for pretty much the entire storm I don't figure to see much of a bill...
Fight the good fight - 1 Tim. 6:12
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Re: Brazos Electric Co-Op Files Bankruptcy
[Re: Monty Wright]
#13906773
03/01/21 06:48 PM
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Joined: Jul 2007
Posts: 4,140
tech
TFF Team Angler
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TFF Team Angler
Joined: Jul 2007
Posts: 4,140 |
United Issues Statement Regarding Brazos Electric Bankruptcy Filing
United Shares Member Concerns With Texas Senate and House Committees
BURLESON—United Cooperative Services’ (United) wholesale power supplier, Brazos Electric Power Cooperative, Inc. (Brazos), today filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Brazos took this action to protect its 16 member cooperatives and their retail members from unaffordable electric bills as a result of astronomical wholesale electric market costs that occurred during the cold weather event Feb. 13-19.
Chapter 11 is a protective measure that will allow Brazos to maintain the stability and integrity of its entire electric cooperative system and allow the cooperative to continue to provide reliable power and transmission service to its member cooperatives—as it did prior to filing—while going through the bankruptcy process.
In a statement issued by Brazos, the organization “took this action because it determined that it cannot and will not foist this catastrophic financial event on its member cooperatives and their members.”
“Brazos Electric has been a strong, reliable, affordable generation and transmission cooperative for United for decades and we support their efforts to shield our members from the ERCOT market prices that hit $9,000/MWh during the February frigid weather event that required our members to endure four days of rotating outages,” said United CEO Cameron Smallwood. “While Brazos goes through the bankruptcy process, I want to assure our members that they will continue to receive reliable electric service.”
On Feb. 26, Smallwood had the opportunity to share before the Texas House of Representatives Committee on State Affairs and Energy Resources and Texas Senate Committee on Business and Commerce the cooperative members’ concerns regarding the ERCOT-mandated rotating outages.
Smallwood informed the committees that United is not a generation and transmission owner. United is a distribution cooperative that delivers electricity procured by Brazos Electric and there is concern about how much exposure Brazos and other power providers had to the high-priced wholesale power and how that will affect Texas consumers. Whereas lawmakers heard from other electricity providers during the two-day hearings that many of their customers experienced multi-day outages, Smallwood explained that United successfully executed its mandated rolling outages in 30 to 45-minute intervals.
Smallwood also alluded to the fact one of the biggest concerns that has been shared “very strongly with us, and obviously with the media,” were the well-documented instances where wholesale (electric) prices hit the ceiling and left market participants exposed——giving the appearance that price gouging was occurring at $9 per kWh when (United) charges $.084 per kWh. Smallwood relayed to the Senate Committee that members felt “the pricing was not fair and shouldn’t be passed on to the members.”
A major criticism of many Texas utilities was inadequate communications during the event. However, United was singled out and commended for leveraging a multi-pronged communications plan of social media, news media, website, email and texting.
United is a “bright spot in a very troubling and difficult couple of weeks we’ve had,” said Rep. Shelby Slawson (R-District 59). “I’m one of your members. We’ve heard a lot about the importance of communication with the public. I want to openly commend you and United Co-op for the way you handled that as a member [of the cooperative].”
United’s culture of communication is “something a lot of us could all learn from and is so important,” said Sen. Angela Paxton (R-District 8). “Teaching school, I had the opportunity to work with students on leadership…A lot of people think leadership is about having a title, but I always asked them to think of leadership as setting an example worth following and I think you’ve definitely set an example that’s worth following that we can all learn from,” she added.
Communications is “part of our DNA,” responded Smallwood. “Our understanding is that customers from other utilities were watching our social media and information because they were lacking information [from their providers],” he added.
About United Cooperative Services:
Established in 1938 and headquartered in Burleson, Texas, United Cooperative Services is an electric distribution cooperative serving 92,500 meters and more than 66,000 members. Maintaining 11,000 miles of energized line, United serves parts of Johnson, Erath, Hood, Bosque, Somervell, Palo Pinto, Coryell, Eastland, Comanche, Stephens, Young, Hamilton, Tarrant and Ellis counties.
Trust your own instinct. Your mistakes might as well be your own, instead of someone elses.
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Re: Brazos Electric Co-Op Files Bankruptcy
[Re: ReelBusy]
#13906778
03/01/21 06:51 PM
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Joined: Mar 2008
Posts: 61,775
LoneStarSon
Private Dancer
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Private Dancer
Joined: Mar 2008
Posts: 61,775 |
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. Brazos provides power to 16 co-ops such as United Co-Op. He should resign due to the conflict of bankruptcy/debtor. Yep. They provide power to our lake house through United. They are also the providers for my sister's house in Burleson...used to be Johnson County Co-op, but became United probably 2 decades ago.
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