Power will continue flowing to Southern Montana Electric Generation and Transmission Cooperative for the wholesaler to sell to its members under agreements approved Monday by U.S. Bankruptcy Judge Ralph Kirscher.
Kirscher also approved appointing a trustee to run Southern while it tries to reorganize its finances. And the judge indicated that he would approve an agreement that will allow the cooperative to pay its bills and salaries using cash claimed as collateral by its biggest secured creditor.
Kirscher, based in Butte, appeared by video in U.S. District Court in Billings, where more than 30 people, including attorneys, Southern board members and co-op representatives, gathered for the hearing. Attorneys for other creditors and other parties participated by video from Missoula, Butte, Great Falls and Connecticut.