June 20, 2014
A Montana bankruptcy judge on Friday confirmed a Chapter 11 reorganization plan for Southern Montana Electric Generation & Transmission Cooperative Inc. under which the insolvent power co-op will remain in operation for another four years, less than a week after orally endorsing the plan.
June 16, 2014
A Montana bankruptcy judge on Friday indicated he plans to approve a reorganization plan for Southern Montana Electric Generation & Transmission Cooperative Inc., which will keep the insolvent power co-op in operation for another four years.
November 27, 2013
A Montana bankruptcy judge on Tuesday removed the trustee for a Montana power co-op, saying changed circumstances, such as agreement among the co-op's members on a liquidation plan, eliminate the need for a trustee.
August 08, 2013
A Montana power co-op will not have to convert its Chapter 11 plan into a Chapter 7 liquidation, because its restructuring plan is likely to be confirmed, a Montana bankruptcy judge ruled Wednesday.
July 19, 2013
The trustee and noteholders of a bankrupt Montana power co-op on Thursday accused its creditors committee of seeking to force it into Chapter 7 liquidation too soon after it was paid $3.9 million from its largest customer, saying the committee was using the co-op's estate as a source of income.
July 17, 2012
A bankrupt Montana power cooperative used an alter ego to get General Mills Inc. and others to break their contracts with Great Falls, Mont.'s electricity arm after discord stemming from a power plant construction project led Great Falls to try to exit the co-op, the city claimed Tuesday.
March 08, 2012
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.