Montana PSC’s Request to Intervene in Coop Bankruptcy Proceedings Is Denied
Posted on Mar 9, 2012 in Economic Downturn, Regulation & Policy | Comments Off on Montana PSC’s Request to Intervene in Coop Bankruptcy Proceedings Is Denied
A U.S. Bankruptcy judge denied the Montana Public Service Commission’s (PSC) request to intervene in the bankruptcy proceedings of Southern Montana Electric Generation and Transmission Cooperative, Inc. despite the PSC’s argument that intervention would be in the public interest. Counsel for the coop argued against intervention because the PSC does not regulate coops and is not a creditor. The judge left open the possibility of intervention at a later time, and the PSC plans to track and monitor the progress of the proceedings. The Billings Gazette and Law360 (subscription required) have the full story.
