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Agreement reached in bankruptcy

By Deb Hill

Lewistown News-Argus

The board of Southern Montana Electric, an energy generation and transmission cooperative which filed for bankruptcy in Oct. 2011, announced Wednesday that it has reached agreement between its members and principal secured creditors, calling the agreement a “critical milestone in Southern’s exit from bankruptcy.”

"This is very good news for Fergus Electric." - David Dover, vice president, Fergus Electric board. 

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