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Brazos Electric Power Cooperative cites a massive bill from the Electric Reliability Council of Texas as the reason for the bankruptcy filing.
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From potential long-term rate hikes to repairs of broken pipes, Texans could be paying for years after the state's devastating blackouts.
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Nearly 3 million Texas electricity customers are enduring extreme cold and some cities say tap water must be boiled. One utility says its repair crews have been harassed by angry residents.
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Dire warnings of price hikes are coming from electricity retailers that normally offer customers low prices based on daily wholesale rates. They are telling customers to conserve or switch providers.