The decisions of Texas’s grid operator during a devastating winter storm a year ago are being put under a microscope in bankruptcy court as Brazos Electric Power Cooperative Inc. tries to slash the $1.9 billion bill it racked up for power purchased at artificially high prices.
Three days after the Electric Reliability Council of Texas ordered rolling blackouts in response to the emergency, the situation started to improve, but it kept electricity prices at the maximum level allowed in the state for 33 more hours.
That…
