Brazos Electric Power Cooperative Inc. announced today it has filed for Chapter 11 bankruptcy protection, stemming in part from unexpected financial conditions it is facing after the state’s unprecedented winter storm. CoServ Electric has a long history of working with Brazos and its leadership team, and we will continue to work with Brazos as they seek to restructure their operations. However, we will remain focused on the impact to CoServ, its Members and Employees. 

While CoServ Electric does not yet know all the costs associated with the extreme winter weather from last week that we are all still recovering from, we are working to recognize our Members’ concerns.

The CoServ Electric Board of Directors has decided that the rate set on Feb. 1, which includes the PCRF, will remain the same for February and March.

Our phone system is now fully operational. Because the winter weather emergency has ended, our Customer Care team will be resuming normal business hours, starting Monday from 8 a.m. to 5 p. m. 

The following are important updates from CoServ regarding the unprecedented winter storm that prompted ERCOT to declare a statewide power emergency and order all electric utilities in Texas to begin rotating outages.

CoServ is diligently working to restore outages as safely as possible. Your patience is appreciated as we navigate the next few hours and days, balancing our obligation to the state's electric grid and our commitment to serve you. 

In response to the extreme winter weather conditions in North Texas and the record-low temperatures in the forecast, CoServ has implemented its Emergency Response Plan and is asking all Members and Customers to reduce their energy consumption.

CORINTH, Texas – January 19, 2021—In the first grant designations since the COVID-19 pandemic began, the CoServ Charitable Foundation (CCF) plans to distribute $392,849 to 21 North Texas nonprofits that provide basic human needs. CCF also has designated $100,000 to the CCF COVID-19 Emergency Relief Fund, bringing the total allocated to that effort since April 2020 to more than a half-million dollars.

A booming North Texas housing market and increased development have resulted in a meter milestone for CoServ: 400,000 total electric and natural gas meters served.

CoServ Gas has completed an investigation and is working to resolve a situation that recently caused the temporary disruption of natural gas service to a few homes in Frisco.