Mont. Regulator Wants To Intervene In Power Co-Op Ch. 11

Law360, New York (January 24, 2012, 5:26 PM EST) -- Montana's state utilities regulator told a bankruptcy judge Tuesday that it should be allowed to intervene in the Chapter 11 case of Southern Montana Electric Generation and Transmission Cooperative Inc. because it oversees utilities that are owed money by the insolvent co-op.

The Montana Public Service Commission conceded it does not have direct regulatory authority over the debtor but wants to intervene anyway, telling U.S. Bankruptcy Judge Ralph B. Kirscher in a November filing and at a hearing Tuesday that public utilities it does regulate —...
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