Four remaining SME co-ops sue bankruptcy trustee
By Richard Ecke
Great Falls Tribune
The four remaining co-ops of the Southern Montana Electric Generation and Transmission Cooperative this week sued Lee A. Freeman, the trustee, seeking a declaratory judgment to get their wholesale power contracts invalidated. Freeman has proposed reorganizing Southern Montana, with voting on Freeman’s plan expected to take place as soon as this fall.
However, the complaint filed by the four co-ops appeared to further muddy the future of the co-op, which would exist mainly to pay off the bulk of an $85 million loan used to build a mothballed natural gas-fired power plant east of Great Falls.
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