Goldman, Shell Among Creditors in Texas Power Firm Bankruptcy

Morgan Stanley and Goldman Sachs Group Inc. as well as energy titan Royal Dutch Shell Plc are among the unsecured creditors lining up to collect on $2.87 billion in total claims after Texas power firm Brazos Electric Power Cooperative Inc. filed for bankruptcy.

The top 10 creditors have claims for assets ranging from collateral, credit lines and power derivatives against Brazos, which filed for Chapter 11 on Monday. The biggest creditor is the Electric Reliability Council of Texas, with a disputed $1.81 billion claim for collateral. Natural gas and power suppliers are seeking more than $200 million against the largest ...