Proposed Brazos and ERCOT Bankruptcy Settlement

Following Winter Storm Uri, Brazos Electric Power Cooperative, Inc. filed a petition for relief under Chapter 11 of the United States Bankruptcy Code. As part of the Brazos bankruptcy proceeding, ERCOT sought to recover approximately $1.9 billion from Brazos as a result of Brazos's failure to pay ERCOT-issued settlement invoices in connection with Winter Storm Uri. ERCOT and Brazos engaged in mediation, and ultimately prepared a proposed settlement agreement to be included as part of Brazos's bankruptcy exit plan.

This webpage is intended to provide Market Participants information related to the proposed settlement, including information related to payment elections by eligible Market Participants.