Assisting our Member cooperatives, their retail members and their communities impacted by the historic extreme cold weather event of February 13-19, 2021 in the rebuilding effort.Delivering affordable and reliable electric service to its Member cooperatives and their retail members.Throughout the forthcoming financial restructuring process, Brazos Electric will remain committed to the following: As a cooperative whose costs are passed through to its members, and which are ultimately borne by Texas retail consumers served by its Member cooperatives, Brazos Electric determined that it cannot and will not foist this catastrophic financial event on its members and those consumers. As a result of the catastrophic failures due to the storm, Brazos Electric was presented with excessively high invoices by ERCOT for collateral and for purported cost of electric service, payment of which was required within days. Before the severe cold weather that blanketed Texas with sub-freezing temperatures February 13-19, Brazos Electric was in all respects a financially robust, stable company with a clear vision for its future and a strong “A” to “A+” credit rating. See the full member list here.īrazos Electric cites the severe winter storms as the impetus for the filing: “Before the severe cold weather… Brazos Electric was in all respects a financially robust, stable company… As a result of the catastrophic failures due to the storm, Brazos Electric was presented with excessively high invoices by ERCOT for collateral and for purported cost of electric service, payment of which was required within days.” The press release goes on to state that it “cannot and will not foist this catastrophic financial event” on power consumers.īrazos Electric initiated this financial restructuring to maintain the stability and integrity of its entire electric cooperative system. Monday’s filing begins a financial restructuring process for the co-op.īrazos Electric is the wholesale power supplier for its 16 member-owner distribution cooperatives and one municipal system, including the Brazos Valley’s Mid-South Synergy – Navasota and Navasota Valley Electric Franklin. Today, MidSouth Fiber continues the MidSouth legacy by continuing to serve its membership, increase the quality of life and economic health of the community and offer internet, phone and TV services to those within its territory at an affordable price.WACO, Texas (KBTX) - Brazos Electric Power Cooperative has filed for bankruptcy in a Houston federal court, citing assets and liabilities between $1 billion and $10 billion. MidSouth was created 80 years ago out of the need for power in rural areas, where no other provider would install electricity. This will allow consumers to bundle their services and pay for all of them on one monthly bill. Using the same fiber cable, MidSouth announced “Fiber to the Home”, a service where individuals can get their internet, TV and phone service from the same distributor. By installing fiber, MidSouth can communicate efficiently and reliably with every one of its devices. In mid-2018, MidSouth began planning for the project with the focus of making the electrical distribution system more robust and providing a more dependable service to its members. Local schools will also be able to better prepare their students by adding technology into their curriculum so they can complete school work at home. Individuals can feel more confident working from home, saving time by eliminating daily commutes. With a reliable source of internet, businesses are more likely to open and prosper in our rural areas, encouraging local economic growth. The availability of fiber internet presents many opportunities. MidSouth Fiber boasts faster home internet starting at 100 Mbps and reaching up to 1000 Mbps or 1 Gbps. These options vary in availability based on location and offer limited download speeds and data caps, sometimes only up to 25 Mbps. Most individuals in the MidSouth territory currently rely on DSL, cable or satellite internet to stay connected online. Crews are already constructing the fiber project so encourage your neighbors to pre-register their address at This keeps you up-to-date with the latest announcements and progress of the project. MidSouth will offer fiber internet in phases based on careful planning and community interest. No contracts, just true fiber fast service. For a reasonable price, families can run multiple devices in their home, stream media and keep up with the latest technological advancements. Monthly pricing for fiber internet is as follows: $64.95 for 100 Mbps, $79.95 for 500 Mbps and $99.95 for 1 Gbps before tax. Starting at $64.95 per month, residents in rural areas will have access to fast, reliable internet. After much anticipation, MidSouth Fiber Internet releases residential pricing.
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