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Wholesale coop's offshoot reorganizes

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BILLINGS, Mont. (AP) -- The offshoot corporation of a bankrupt wholesale
electricity cooperative has reorganized.
   The Billings Gazette reports SME has doubled the size of its board of directors
  and named new representatives from its four members. The company also accepted
  the resignation of general manager Tim Gregori, who also formerly headed Southern
Montana Electric Generation and Transmission.
   SME was created in 2008 with four of Southern's six member distribution
cooperatives. It was originally formed to build the Highwood Generating Station near
Great Falls when Southern switched from a 250-megawatt coal-fired plant to a
40-megawatt gas-fired plant.
   In 2010, SME transferred the Highwood project to Southern, which financed the
 plant's construction.
   That debt and contracts to buy more expensive power than needed prompted
Southern to declare bankruptcy last year.
   ------
  
   AP-WF-10-09-12 1556GMT

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