Creditors and Bankrupt Coop Reach Agreement
Posted on Mar 29, 2014 in Litigation, Rates | Comments Off on Creditors and Bankrupt Coop Reach Agreement
Southern Montana Electric Generation and Transmission Cooperative, which filed for bankruptcy almost three years ago, and its creditors recently agreed to terms that would keep rates at current levels, involve the sale of idle generation assets near Great Falls, Montana, and allow the coop’s four smaller member coops to break up after four years. The agreement must still be approved by the bankruptcy court. The Helena Independent Record has more on this story.
