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Member calls for liquidation of troubled electric cooperative

By Linda Halstead-Acharya

Billings Gazette 

RED LODGE — Echoing sentiments voiced by the board of the Beartooth Electric Cooperative, co-op member Bill Hand of Nye presented his case for liquidating, rather than restructuring, the beleaguered Southern Montana Electric.

“It is becoming more self-evident that restructuring is not the way to go for Southern Co-op bankruptcy and that liquidation is the best and only viable alternative,” he said during Beartooth’s May meeting in Red Lodge on Friday.

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