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.
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.