(“Brazos Electric”) is a generation and transmission cooperative that provides wholesale power supply to its sixteen (16) Member-owner distribution cooperatives whose service territory extends across 68 Texas counties from the Texas Panhandle to Houston. Brazos Electric will pay all obligations under normal terms of business for goods and services provided on the filing date of Maand thereafter.įor additional information about Brazos Electric’s reorganization, including access to court filings and other documents related to the court-supervised process, please visit or call 855.529.1663 (Toll-Free) or 949.771.2210 (International) or email Rose Fulbright is serving as lead restructuring counsel, and Berkeley Research Group is serving as financial advisor to Brazos Electric.īrazos Electric Power Cooperative, Inc. The filing also includes several “first day” customary operational motions Brazos Electric filed with the court in support of its financial restructuring including requests of authorizations to continue paying employee wages and benefits and certain critical vendors. We expect this court-supervised process will provide us with the protections and mechanism to protect and preserve our assets and operations, and satisfy obligations to our creditors.” “We will prioritize what matters most to our Member cooperatives and their retail members as we, and they, work to return to normalcy. “Let me emphasize that this action by Brazos Electric was necessary to protect its Member cooperatives and their more than 1.5 million retail members from unaffordable electric bills as we continue to provide electric service throughout the court-supervised process,” said Clifton Karnei, Executive Vice President and General Manager of Brazos Electric.
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