Texas' oldest, largest power cooperative files for bankruptcy after $2.1B ERCOT bill for winter storm

Texas' oldest, largest power cooperative files for bankruptcy after $2.1B ERCOT bill for winter storm

“Brazos Electric will not foist this catastrophic ‘black swan’ financial event onto its members and their consumers, and commenced this bankruptcy to maintain the stability and integrity of its entire electric cooperative system.”.
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OPEC+ Silence Has Oil Market Second-Guessing Next Supply Move

Saudi Arabia and Russia, leaders of group, held bilateral talks on Wednesday, seeking common ground as Riyadh urges caution and Moscow presses to raise output, a delegate said. While OPEC+ is still widely expected to …
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American Eagle's profit falls by a quarter

American Eagle Outfitters Inc. reported a drop in earnings and net sales and had more than $90 million in charges related to the impairment of dozens of its stores. The retailer’s profit for its fourth quarter decreased 26% to $3.5 million. Earnings were 2 cents a …
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Governmental Board Aims to Streamline Accounting for Time Off

The Governmental Accounting Standards Board issued the draft rule change that would streamline the requirements for calculating the liability related
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GASB to fix government reporting rules for compensated absences

The Governmental Accounting Standards Board is looking for feedback on a proposal to improve the guidance on compensated absences for state
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