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Tentative SME deal reached: Agreement would sever city's relationship with co-op

By Richard Ecke

Great Falls Tribune

At long last, Great Falls municipal government appears to have engineered an escape from the tentacles of the bankrupt Southern Montana Electric Generation and Transmission Cooperative, and at a price that was lower than expected.

A tentative settlement of $3.25 million was announced Friday by city officials. The city will pay an amount similar to that of the bankrupt co-op’s largest member, Yellowstone Valley Electric, which reached its own escape agreement in January. If the city does escape, Southern Montana will be left with four members.

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