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Southern Bankruptcy

Southern Montana Electric Financials

Southern Montana Electric G&T Cooperative, Inc. Accounting Update - July 18, 2014

1539 Operating Report
Southern Montana Electric operating report for December 2014

1523 Operating Report - Filed September 15, 2014
A required bankruptcy report regarding schedules of assets and liabilities, statement of financial affairs and monthly operations was filed in the bankruptcy case of Southern Montana Electric Generation and Transmission Cooperative, Inc. and its affiliates.

1469 - Order Pursuant to 11. U.S.C. § 1142(b)—ordering Beartooth to immediately execute an All Requirements Contract without member notice and comment period. - Filed June 25, 2014

1468 - Stipulation Providing for Order Compelling Beartooth Electric Cooperative to Execute Amended Wholesale Contract - Filed June 24, 2014

1459 - Order Confirming the Debtor’s Amended Chapter 11 Plan of Reorganization - filed June 20, 2014

1440-2 Amended Wholesale Power Contract - Filed June 12, 2014
Wholesale power contract between Southern Montana Electric and Beartooth Electric Cooperative.

1412 - Order on Fee Application - Filed June 5, 2014.

1390 - Order Granting Motion to Continue Hearing to June 13 - Filed May 29, 2014.
The June 2nd hearing on the Debtor's Plan of Reorganization, objections thereto and the hearing on the allowance and objection to the administrative claims of Energy West Resources, Inc and Energy West Montana is rescheduled for Friday, June 13, 2014, at 9:00 a.m. in the Missouri River Courthouse in Great Falls.

Amended Disclosure Statement Approval and Date for Plan Confirmation Hearing - Filed May 15, 2014.
The hearing for the reorganization plan is set for June 2, 2014

1370 - Debtor's Amended Plan of Reorganization Dated May 12, 2014.

1356 - Objection to the Amended Disclosure Statement - Filed May 7, 2014 by Beartooth rate-paying member, Bruce Austin.
This member made the filing on his own behalf and does not speak for Beartooth Electric Cooperative as a whole.
1339 - Order Granting Motion to Expedite - filed April 22, 2014

1334 - Blacklined Amended Disclosure Statement - Filed April 21, 2014

1334 - Amended Disclosure Statement - Filed April 21, 2014

1334 - 2 Exhibit 2 - Debtors Proposed Plan - Filed April 21, 2014
A new reorganization plan for Southern was developed in accordance with the negotiated settlement agreement. Details of the note and the trust that will be set up to sell or otherwise dispose of the Highwood Generating Station are still to come.

Southern Bankruptcy Background - An updated history

1322 - Stipulation to Continue Hearing - Filed April 8, 2014
A hearing set for April 15, 2014 on a request for allowance and payment of expense claims will be rescheduled because of the current settlement discussions.

1321 - Stipulation to Continue Hearing on Motion to Convert - Filed April 7, 2014
A hearing scheduled for April 15, 2014, on the motion to convert the Southern bankruptcy proceedings from a reorganization to a liquidation has been indefinitely postponed because of the recent settlement agreement.

Terms of settlement agreement reached in confidential mediation.
 
 
In a report to the court filed March 10, Southern’s attorney, Malcolm Goodrich of Billings, said Southern and its noteholders have “mediated to agreement their various disputes and matters” and continue to refine the terms of their agreement.
 
Southern Bankruptcy Update to Members - February 12, 2014
All actions scheduled for hearing in bankruptcy court on February 25, 2014 are stayed. The parties are in settlement discussion. If a settlement is reached, all pending actions, competing plans, and motions will be dismissed. If the settlement discussions fail, or if a plan based on a settlement is not confirmed, the stay will be lifted.
 
Following are the court documents and reports regarding the bankruptcy of Southern Montana Electric Generation and Transmission Cooperative. Please click on the file name to view.
 
 
 
 
 

The hearings scheduled for January 14 have been continued to February 25, 2014. These include the hearing on the Noteholders' Motion to Dismiss the adversary action by Beartooth, and the hearings on the Noteholders' Disclosure Statement and the Members' Disclosure Statement. 

1233 - Order Granting Motion to Continue - Filed January 6, 2014

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