Disappointing decision

 

To the Editor,
Trustee Lee Freeman’s Plan of Reorganization for Southern Montana Electric Generation and Transmission Co-operative, produced at a cost to Southern members of over three million dollars, is a disappointment, to put it mildly.  No firm numbers are given that provide any indication that the beleaguered members of the distribution co-ops that comprise Southern will be able to meet the terms of the plan.  The member co-ops are forced to hang on to the albatross that is Highwood Generating Station, which was never really financially feasible in the first place. 
To add insult to injury, the plan states that the management of Southern will be “substantially the same personnel” as before the bankruptcy.  In other words, the same incompetent people who made decisions leading Southern to bankruptcy may be back in charge!  
With the proposed departure of Yellowstone Valley Electric Co-op, Southern under the best of circumstances would probably not be viable.  Add the crushing debt laid at the feet of the 14,000 members of the remaining four co-ops and the fundamental disagreements of the co-ops’ boards to the poisonous mix and you come up with a recipe for disaster.   The plan is fundamentally flawed.
 
Sincerely,
Kathleen Ralph
Columbus

Upcoming Events

  • Thursday, December 14, 2017 - 7:00pm
    Meets every Thursday, 7 p.m. – 8 p.m. at the Red Lodge Area Community Foundation, 122 S. Hauser. It is open to all. 425- 1755.
  • Thursday, December 14, 2017 - 7:00pm
    Clarks Fork Group meets at St. Joseph’s Catholic Hall, north end of Montana Avenue, Thursday at 7 p.m.
  • Friday, December 15, 2017 - 7:00pm
    Rock Creek Group meets Tuesdays and Saturdays at 8 a.m. and Wednesdays and Fridays at 7 p.m. at Calvary Church, 9 N Villard, Red Lodge.
  • Saturday, December 16, 2017 - 8:00am
    Rock Creek Group meets Tuesdays and Saturdays at 8 a.m. and Wednesdays and Fridays at 7 p.m. at Calvary Church, 9 N Villard, Red Lodge.
  • Saturday, December 16, 2017 - 10:00am
    An Overeaters Anonymous group will meet every Saturday at 10 a.m. at the Grace Fellowship Church, Absarokee.
  • Monday, December 18, 2017 - 7:00pm
    Joliet Group meets at the Community Center Monday at 7 p.m.