Regulator Can't Intervene In Southern Montana Electric Ch. 11

Law360, New York (March 8, 2012, 6:43 PM EST) -- A federal judge on Thursday nixed claims by Montana's state utilities regulator that it has a right to intervene in the bankruptcy case of Southern Montana Electric Generation and Transmission Cooperative Inc. because it regulates utilities that are creditors of the co-op.

U.S. Bankruptcy Judge Ralph B. Kirscher denied a motion to intervene by The Montana Public Service Commission. In a Nov. 21 filing, the commission claimed it did not have direct authority over Southern, but that two public utilities it does oversee — NorthWestern Energy...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.