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HELENA — The bankruptcy trustee for Southern Montana Electric Generation and Transmission Cooperative plans to release a reorganization plan within a few weeks.

SME filed for bankruptcy protection last year after building the ill-fated, $85 million Highwood Generating Station near Great Falls.

An attorney for the SME trustee says "more than a few and less than a dozen" bids came in to reorganize the cooperative.

Some member organizations of the cooperative worry they could still be hit with a big bill after reorganization.

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Public Service Commission Chairman Travis Kavulla says he is closely watching the case even though law does not give his organization authority over electric co-ops.

He says bad decisions by managers and lenders could unfortunately leave individual co-op customers on the hook for thousands of dollars each.

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