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SME likely to be able to keep reorganization plan secret

Billings Gazette

Associated Press

A federal bankruptcy judge said Tuesday that he's likely to let a bankrupt Montana power cooperative keep key details of its reorganization plan secret from the public despite objections from one of its members.

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Judge: Montana power co-op likely can keep secrets

By Matthew Brown

Bloomberg Businessweek

BILLINGS, Mont. (AP) — A federal bankruptcy judge said Tuesday that he's likely to let a bankrupt Montana power cooperative keep key details of its reorganization plan secret from the public despite objections from one of its members.

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Public not served by secrets in SME bankruptcy

Tribune editorial board

Great Falls Tribune

The convoluted muck of a mess that is Southern Montana Electric Generation and Transmission Cooperative, the bankrupt entity that had promised the city of Great Falls and its electric cooperative members a secure, stable supply of self-owned electricity, is in danger of getting even sloppier if a bankruptcy trustee has his way.

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Confidentiality hearing Tuesday in Billings

By Richard Ecke

Great Falls Tribune

A trustee for a bankrupt rural electric cooperative has agreed to drop a $15 million fine clause, but he still wants to keep secret how much the co-op would pay for power for the next 10 years.

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Yellowstone Valley Electric Co-op members get annual update

By Clair Johnson

Billings Gazette

If everything goes as hoped, the Yellowstone Valley Electric Co-operative will leave its bankrupt wholesale power supplier and join a new supplier “well positioned for the future,” Brandon Wittman, YVEC’s general manager, told members Tuesday.
 

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Critics chafe at commission: Officials targeted for vanishing to meet

By Richard Ecke

Great Falls Tribune

Several frequent spectators have criticized Great Falls city commissioners for disappearing into rooms at the Civic Center following the last two Electric City Power Board meetings on Feb. 4 and March 4.

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Southern trustee files for protective order, Beartooth Electric Coop. opposes

By Eleanor Guerrero
CCN Reporter for the Stillwater County News

City may be off hook for power plant expenses

Electric City Power Board Chairman Bob Jones  provided information that, under a reorganization plan proposed by a bankruptcy trustee, the city would not be responsible for any operating or maintenance costs for the Highwood Generating Station east of Great Falls, or for any of the debt incurred to build the plant. 

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City raps trustee for secrecy move

By Richard Ecke

Great Falls Tribune

After writing what some critics contended was a vague reorganization plan, a trustee for a bankrupt power provider in Billings indicated he is willing provide more information — so long as many of the details are not released to the public.

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Bankruptcy plan leaves BEC hanging

By Eleanor Guerrero


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