Montana Lawmakers Propose Legislation to Increase Transparency of Cooperative Decisions
Posted on Jul 19, 2012 in Legislative & Politics | Comments Off on Montana Lawmakers Propose Legislation to Increase Transparency of Cooperative Decisions
In reaction to the bankruptcy of Southern Montana Electric Generation and Transmission Cooperative, Montana lawmakers are proposing legislation designed to increase the transparency of Montana’s electric cooperatives. The proposed legislation would require a two-thirds vote of the member coops before financing certain power generation proposals. Each of the member coops would be required to obtain approval from two-thirds of its board members. More details on the proposed legislation may be found here.
