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Member Dividends

  • https://ucs.net/sites/default/files/revslider/image/Member%20Dividends%202021%20psd%20copy.jpg

 

BRAZOS ELECTRIC BANKRUPTCY EFFECTS ON MEMBER DIVIDENDS


Due to Winter Storm Uri in February 2021, and record prices on the ERCOT wholesale electric prices during that week, United’s power supplier, Brazos Electric Power Cooperative (Brazos) in March 2021 filed for Chapter 11 bankruptcy in an effort to try to minimize the cost impacts to United and the 15 other member distribution cooperatives of Brazos. The bankruptcy process continues today. Ultimately, when the final bill amount is determined as Brazos exits bankruptcy, those costs will be passed to all member cooperatives’ members.

The ripple effect of the ongoing Brazos bankruptcy reorganization has forced United and the other Brazos member distribution cooperatives, who have been bound by wholesale power purchase agreements and operational affiliation with the generation and transmission (G&T) provider, to make contingencies for the bankruptcy and its uncertain effect on future operational strategies and planning.

As a result of those uncertainties that linger on today, United’s board of directors voted in July 2022 to suspend member dividends this year. It is United’s objective to restart member dividends as soon as possible, dependent upon the cooperative’s financial capabilities.

 

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Call Us

Cleburne (817) 556-4000
Stephenville (254) 965-3153
Burleson (817) 447-9292
Joshua (817) 556-4000
Granbury (817) 326-5232
Meridian (254) 435-2832
Possum Kingdom (940) 779-2985
Internet Support (833) FASTUCS (327-8827)

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©2023 United Cooperative Services. Delivering exceptional service and value.

  • ABOUT US
    • About Us
    • About Your United Co-op
    • Board of Directors
    • Board Meetings
    • Bylaws
    • Community Involvement
    • Frequently Asked Questions About United
    • Leadership
    • Office Locations
    • Member Rights
    • Power Line Safety Act
    • Privacy Policy
    • Rates & Tariff
    • Safety Culture
    • Deregulation
    • PURPA-EISA
    • Securitization After Uri
  • PROGRAMS
    • Programs
    • Arcing Demonstrations
    • Assistance
    • Beat the Peak Sign-Up
    • Brazos Hardship Fund
    • Co-op Connections Card
    • Energy Audits
    • Internet
    • Operation Round Up
    • Rebate Programs
    • Renewable Energy
    • Scholarships
    • Thermostat Program
    • United Community Solar
    • Vegetation Management Program
    • Youth Tour
  • MY COOPERATIVE
    • Contact Us
    • Outage Texting
    • Report an Outage/Outage Map
    • Annual Meeting
    • Arcing Demonstrations
    • Billing and Payments
    • Careers
    • Cooperative Links
    • Electrical Safety
    • Electric Vehicles
    • Member Appreciation Day
    • Member Dividends
    • Metering Upgrade
    • Rate Watch
    • Rural Friends/ACRE
    • Together We Save
  • MY HOME
    • My Home
    • Energy Innovation
      • In-Home Energy Use Display
  • MY BUSINESS
    • My Business
    • United is Open for Business
  • NEW CONSTRUCTION
    • New Construction
  • NEWS AND INFORMATION
    • News and Information
    • News Releases
    • Annual Reports
    • PowerTalk Archive
    • Browser Requirements