Contact Us

Bankrupt Co-op Members Seek to Oust Trustee

Gavel
Photo Courtesy of Thinkstock.com

BILLINGS, Mont. (AP) — Members of a bankrupt Montana power cooperative are due before a federal judge Tuesday in their bid oust a court-appointed trustee who wants to keep the co-op together.

The members say trustee Lee Freeman would drive up electricity rates with his reorganization plan for Southern Montana Electric Generation and Transmission Cooperative.

Besides getting rid of Freeman, the members want the rural co-op busted up and its assets liquidated. That includes selling the seldom-used Highwood power plant near Great Falls.

Attorneys for Freeman charge that the members are ignoring their obligations to Southern Montana’s creditors.

Lining up in support of Freeman are the lenders that provided $85 million to build Highwood.

The two sides will make their case before U.S. Bankruptcy Judge Ralph Kirscher during an afternoon hearing in Billings.

More From News Talk KGVO

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://newstalkkgvo.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on News Talk KGVO Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on News Talk KGVO Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!