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Judge denies Southern's liquidation

August 9, 2013 | By Clair Johnson

Billings Gazette

The bankruptcy judge denied requests to liquidate Southern Montana Electric Generation and Power Transmission Cooperative, saying the trustee has shown a "likelihood" of proposing a reorganization plan. The order from U.S. Bankruptcy Judge Ralph Kirscher follows a July 31 hearing in Missoula in which an unsecured creditors committee and some of Southern's member cooperatives argued that Southern should be liquidated, not reorganized.