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Largest power cooperative in Texas files for bankruptcy

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Brazos Electric Power Cooperative Inc., the largest and oldest electric power cooperative in Texas, filed for bankruptcy.

Company officials cited a disputed $1.8 billion bill from the state's grid operator that came about due to the severe cold snap last month.

Electric Reliability Council of Texas, the state's grid operator, on Friday announced $2.1 billion in initial bills went unpaid.

Read more from Reuters.


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