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The March 2017 BEC Newsletter

 

 

Southern Bankruptcy Ends

By Eleanor Guerrero
Carbon County News

February 6, 2017

On January 30, U.S. Bankruptcy Court Judge Terry L. Meyers signed an order finalizing the Southern Montana Electric Transmission and Generation Cooperative, Inc. bankruptcy quietly ending a contentious period that started with its filing in October 22, 2011.

The Future of Energy Co-op: Part 1

By Eleanor Guerrero

Carbon County News

February 16, 2017


Entrepreuner Elon Musk predicts there will be a full home service energy battery invented in 5-10 years. He notes there will be terrific opportunities for utilities but some write about it “terrifying utilities.”

Merger “dead”, BEC look for new manager

By Eleanor Guerrero
Carbon County News

February 9, 2017

The meeting with Beartooth Electric Cooperative, Inc. (BEC) and Lower Valley Electric’s (LVE) board chair Rod Jensen was a surprise to many since it was supposed to focus on consideration of the new standalone report. It had the twist of part of the decision already being made for the immediate future by LVE declaring its intent to pull out of management and basically declaring the merger dead for now. 

An Independent Beartooth Electric

Red Lodge, MT – Beartooth Electric Cooperative has initiated steps to end its management by Lower Valley Energy. At the January 31 meeting of the Beartooth Board of Trustees in Red Lodge, Rod Jensen, chairman of the Lower Valley Energy Board, officially gave notice of Lower Valley Energy’s (LVE) exit from the management services agreement. The exit clause of the agreement requires six months notice, so LVE will continue management until July 31, 2017, or until a new Beartooth manager is ready for them to leave.

Co-op to Terminate BEC Management

By Eleanor Guerrero
Carbon County News

February 2, 2017


Citing a difference in perspectives, Rod Jensen, Lower Valley Energy Cooperative, Inc. (LVE) Chair announced at the Tuesday, Jan. 31, Beartooth Electric Cooperative, Inc. (BEC) board meeting in Red Lodge that they were notifying BEC they will terminate management in approximately six months on July 31, 2017. It was a dramatic announcement as the BEC board waited for Jensen’s late arrival at the office in a winter snowstorm.

CFC delivers hopeful BEC report at year’s end

By Eleanor Guerrero
Carbon County News

December 15, 2016

When Cooperative Finance Corporation, (CFC), the financial analyst hired by Beartooth Electric Cooperative, Inc. (BEC) recently delivered its financial update on the co-op to the Board, it had positive facts to share. 

Strong BEC turns away from merger

By Eleanor Guerrero
Carbon County News
December 8, 2016

“The Board of Trustees has shifted their focus to a full analysis of maintaining BEC as an independent, standalone cooperative,” announced a Monday, Dec. 1, Beartooth Electric Cooperative, Inc. (BEC) press release.  After a significant turning point following the Nov. 17 board meeting, the board appeared to have changed course away from merger. Several factors were at play.

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