Great Falls electricity arm settles with SME
GREAT FALLS, Mont. (AP) -- Great Falls is getting out of the power business.
City officials on Wednesday signed a $3.25 million settlement to leave bankrupt
supplier Southern Montana Electric Generation and Transmission Cooperative.
The first payment of $2.5 million is due June 30 and City Manager Greg Doyon
says officials will pinpoint in the coming weeks where that money will come from.
The Great Falls Tribune reports the deal must be approved by federal Bankruptcy
Judge Ralph Kirscher.
Billings bankruptcy attorney Doug James says the city could end its relations
hip with SME in June if there are no objections.
Great Falls' electricity company, Electric City Power, will eventually be
Electric City Power is expected to cost the city more than $12 million when all
the losses are tallied.