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Texas power cooperative files for bankruptcy PROTECTION, citing $1.8 billion grid debt (and they need a bailout)

Thank you....

and I'd say... Jail the Main one for no less than 10 yrs in Federal Prison, with Fines of $10,s and $100's of millions. and lets get the precedence set that Americans will not tolerate the inhumanity of these Greed Monsters.... Energy is a National Security Factor, as well as it's a Human Health Factor.

We talk crap about China, but they would not even entertain the bullshit spin, they'd convict and execute them for the damages to society!!!
the lest we can do is Jail them for No Less than 10 yrs, Take Back some of the Money, and Make Sure they can never hold an executive position of decision making in any company that has responsibility to the broader public.
 
Yup. The Republican party loves to give out short term gains, but long term losses. It's what trump was all about. It's what the GOP and indignantly independent states like Texas are all about. You can court them. And you can bed them. But in the end they're the ones doing all the fkn.
 
I dont know if id believe that. States with rates of poverty according to the SPM (supplemental poverty measure) which Obama's office came up with rates states like CA as having the most % of its people in poverty.
Then theres is this chart that looks at median incomes and is adjust for PPP or in the case of states RPP
 

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you are free to believe what suits you ... The conversation is about "tax revenue and how it helps and supports other states" - California's economy is larger than some countries, so they pay more taxes than many of the states I mentioned, and those states receive money that in part was contributed into the tax system by states like California.
 
Interesting thought experiment. I would think through bankruptcy court they would be divestitures and asset selling to other companies who wanted to try and run it.
 
Depend on what youre looking at. Are we including social security payments or other payroll tax benefits, are we accounting for the large amounts of land owned by the federal government or their bureaus? Are we accounting for the saving things like the post office gets from economies of scale? Etc.
 
why do you seem to want to spin around anything to avoid perspective...

Let me simplify the commentary:
  1. States Received Federal Funding for a great many things from the Federal Government Revenue System,
  2. Poorer States who don't contribute as much into the Federal Revenue System as more Productive states,
  3. the majority of funds in the system is contributed by the more productive states .

Point:
  1. Democratic Voting States are Predominantly Higher Revenue Generating States for Federal Revenue System, than Republican Voting States.

Result:
  1. Poorer States Receive a great deal of funds from what is contributed into the Federal Revenue System,

Understanding Gained:

  1. Poorer States are Predominantly Voters for Republicans, who rely on a vast amount of Federal Funded Support Programming.

Fact:

  1. States with Predominantly Voters for Republican are less progressive and in some ways years and decades behind States where people Predominantly Vote Democratic.
 
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Too many things WE do not know about this fiasco as it seems like a unethical"white collar" managed operation . surely members did not support price gouging under any circumstances. Some decision makers need to be visited with a federal grand jury indictment centered around negligence etc etc etc.

how was the decision made to deregulate ? was there a membership vote?

there are all sorts of cooperatives ................. this one did not cooperate then did not take care of the members. Now it is in need of a ratepayers/peoples cooperative instead of a criminal pretend cooperative

bankruptcy is a favorite tool of polluters once a large fine has been handed down.

I say put the electric corporation out of commercial ownership, fine the management at all levels then nationalize with ratepayers as the owners/BOD's.

Think ratepayers owner/cooperative LLC.

Freeze all of the assets.

Block all golden parachutes STAT!!!!!!
 
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i think it will get worse. it's that hardheaded thing they do.

Well, that might have been said in some terms about Georgia, too. And look - it turned Blue, including both Senate seats.
 
they just stupidly dropped their mask mandate and opened up 100%. my sympathy for their electrical problems just dropped significantly. i'm still sorry that it resulted in deaths, though.
 

So, again, Brazos Valley Electric Co-op is a ratepayer cooperative. Is there some reason in a thread about Brazos Valley Electric Co-op this can’t register in people’s heads?

It sounds a bit silly to me when someone says something like “You know how we can prevent things like the Brazos Valley Co-op going bankrupt ---------- form a co-op!@!!!!!!!
 
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