Contact Us

Bankruptcy Court OKs Great Falls Leaving Power Biz

(Information in the following story is from: Great Falls Tribune, http://www.greatfallstribune.com)

GREAT FALLS, Mont. (AP) — A federal bankruptcy judge has approved a $3.25 million settlement that allows the city of Great Falls to leave a bankrupt electric cooperative.

The Great Falls Tribune reports Bankruptcy Court Judge Ralph B. Kirscher noted there were no formal objections to the settlement between the city and the trustee for Southern Montana Electric Generation and Transmission Cooperative. The power supplier filed for bankruptcy in October 2011

Doug James, an attorney for Great Falls, said he is thrilled the judge approved the settlement on Wednesday.

Yellowstone Valley Electric has already settled and left the co-op.

The city has lost $7 million on its Electric City Power utility and estimates it will lose more than $12 million by the time the books are closed

More From K96

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://k96fm.com using your Facebook account.

Please fill out the information below to help us provide you a better experience.

Register on K96 FM: Wide Open Country quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on K96 FM: Wide Open Country quickly by logging in with your Facebook account. It's just as secure, and no password to remember!