![]() Throughout the forthcoming financial restructuring process, Brazos Electric will remain committed to the following: As a cooperative whose costs are passed through to its members, and which are ultimately borne by Texas retail consumers served by its Member cooperatives, Brazos Electric determined that it cannot and will not foist this catastrophic financial event on its members and those consumers. As a result of the catastrophic failures due to the storm, Brazos Electric was presented with excessively high invoices by ERCOT for collateral and for purported cost of electric service, payment of which was required within days. Before the severe cold weather that blanketed Texas with sub-freezing temperatures February 13-19, Brazos Electric was in all respects a financially robust, stable company with a clear vision for its future and a strong “A” to “A+” credit rating. See the full member list here.īrazos Electric cites the severe winter storms as the impetus for the filing: “Before the severe cold weather… Brazos Electric was in all respects a financially robust, stable company… As a result of the catastrophic failures due to the storm, Brazos Electric was presented with excessively high invoices by ERCOT for collateral and for purported cost of electric service, payment of which was required within days.” The press release goes on to state that it “cannot and will not foist this catastrophic financial event” on power consumers.īrazos Electric initiated this financial restructuring to maintain the stability and integrity of its entire electric cooperative system. Monday’s filing begins a financial restructuring process for the co-op.īrazos Electric is the wholesale power supplier for its 16 member-owner distribution cooperatives and one municipal system, including the Brazos Valley’s Mid-South Synergy – Navasota and Navasota Valley Electric Franklin. All rights reserved.WACO, Texas (KBTX) - Brazos Electric Power Cooperative has filed for bankruptcy in a Houston federal court, citing assets and liabilities between $1 billion and $10 billion. ![]() FINDENERGY is a comparison and research website that does not directly offer any energy related products.Ĭopyright © 2022 - 2023 Find Energy LLC. All trademarks remain the property of their respective owners, and are used by FINDENERGY only to describe products and services offered by each respective trademark holder. This data is not always in agreement with annually released government data due to differences in calculation methods and time periods. Additionally, this data is compiled using known ownership relationships between power plants and electricity providers, while some of these relationships remain unknown. These 12 month periods may vary from provider to provider and from power plant to power plant, as some entities are required to report on a rolling monthly basis others report on an annual basis. Unless otherwise noted, all data is a compilation of the most recent 12 months of government released data. Consumers of the provider experience 1.05 power outages per year with outages lasting an average of 100 minutes.ĭisclaimer: The data displayed on this page may be incomplete or incorrect. Electricity production is not part of the Mid-South Electric Cooperative business model, as they purchase power at wholesale rates to then be resold to their end users. The average residential electric bill for a customer of Mid-South Electric Cooperative is $ 159.54 per month. Of the electricity sourced by the company, whole purchased made up 100.00%. The electricity sourced by Mid-South Electric Cooperative is made up primarily of megawatt hours they acquired by way of wholesale channels. They sold 843, 724 megawatt hours in 2021 through traditional retail accounts. ![]() On average, Mid-South Electric Cooperative's residential electricity rate is 12.52 cents per kilowatt hour, which is 3.23% lower than the average Texas rate of 12.94 cents. The company has 19 industrial customer accounts, 30, 950 residential customer accounts and 4, 237 commercial accounts spread throughout their service area. Mid-South Electric Cooperative is an electric cooperative headquartered in Navasota, Texas and serving customers in 8 cities in Texas including cities such as Conroe, Huntsville, Navasota, Montgomery, and Plantersville. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |