“Last week, Texas’ largest and oldest electric power cooperative, Brazos Electric Power Cooperative Inc, filed for bankruptcy protection in Houston, citing a disputed $1.8 billion debt to the state’s grid operator. Just Energy said on Tuesday it expects to receive a loan that would enable it to pay the state’s grid operator more than $250 million for power. It would be unable to cover the bill without the loan.”

“Electric Reliability Council of Texas (ERCOT), the grid operator, said on Tuesday it expects $2.48 billion in payment for power provided during the week-long freeze. Just Energy does not appear on the list of companies ERCOT said were behind on payments as of March 3.”