Brazos Electric Shifts Focus to Talks with Low-Ranking Creditors

Brazos Electric Power Cooperative has paused its lawsuit against Texas’s grid operator indefinitely, as it shifts focus to garnering support from its low-ranking creditor group for a proposed settlement and bankruptcy exit plan.

• The Electric Reliability Council of Texas, the Public Utility Commission of Texas and Brazos’s member cooperatives are all supportive of a proposed settlement that would resolve the battle between the company and the grid operator as well as chart a path for Brazos to exit bankruptcy, Lou Strubeck, a lawyer for Brazos, said in a bankruptcy court hearing Wednesday
• But the company’s official committee of ...