Trustee for bankrupt Southern Montana Electric to release re-organization plan soon

HELENA, Mont. — The bankruptcy trustee for Southern Montana Electric Generation and Transmission said Friday a reorganization plan is coming soon for the cooperative’s beleaguered power plant.

SME filed for bankruptcy protection last year after building the $85 million Highwood Generating Station near Great Falls and entering into contracts for energy at expensive rates. Southern was in the process of borrowing up to $215 million to expand the plant when it went bankrupt.

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