We can see from the geographical location of Texas, which is located in the south of the United States. Winter is warm, summer is hot, and it seldom snows. It is very rare to encounter a snowstorm in winter.
At present, natural gas power generation is the main power supply mode in Texas, and more than half of the usual power generation comes from natural gas power plants. In this extremely cold weather, the natural gas pipeline was blocked by ice, which led to the interruption of natural gas supply, which was one of the important reasons why it was difficult for Dezhou Power Plant to restore power supply. Moreover, because the power system in Texas is relatively independent, once there is a power outage, Texas will not be able to borrow electricity directly from other power grids, which will cause a large-scale power outage in Texas in this extreme weather, and millions of people will freeze to death, while other States will find it difficult to support Texas.
As the largest and oldest electric power cooperative company in Texas, Blazouez Electric Power Cooperative Company has filed for bankruptcy protection in Houston, Texas. It is reported that the reason why the company filed for bankruptcy is the debt of $654.38+08 billion owed by the State Grid operator.
Brazuz Power Co., Ltd. is one of dozens of power suppliers in Texas at present, providing electricity to more than 660,000 users in the state. But last month, due to the severe snowstorm caused by the cold wave, the company faced a huge cost deficit. It is reported that the unusually cold weather destroyed nearly half of the power plants in Texas, and caused many problems such as power failure and heating interruption for nearly 4.3 million people for several days, and water pipes burst. This has also caused great losses to many families and enterprises. ?
The cold wave storm in Texas caused the state's main power grid to lose 48% of its electricity. During this period, the demand for household heating soared, and the wholesale price of energy also soared. During this period, Brothers Electric Power Co., Ltd. and other power suppliers were also required to buy alternative power at high prices and pay other related expenses, resulting in high debts.
Among the dozens of power suppliers with huge debts, Blazouez Electric Power Cooperative Company provided power services to more than 660,000 residents in Texas, and received a total bill of $2,654.38 billion from ERCOT, including mortgage invoices and power service fees during the storm, and asked the company to pay it off within a few days.
The executive vice president and general manager of the company told the federal court that Brothers Electric Power Company? Caught in a liquidity trap that cannot be solved by the current balance sheet? . Blazouez Power Co., Ltd. filed for bankruptcy in order not to pass on these high costs to cooperative members or consumers.