A little-used gas-fired power plant built by the Southern Montana Electricity (SME) Generation and Transmission Cooperative and at least partly blamed for the wholesale electricity supplier's 2011 bankruptcy will be taken apart and resold for its parts, the Associated Press reported yesterday. HGS Holding Trust entered a dismantling and sale agreement with ProEnergy Solutions for the 46-megawatt Highwood Generating Station near Great Falls, officials with both the trust and the Sedalia, Mo.-based company said yesterday. Neither Trustee Dean Swick nor ProEnergy president of energy parts solutions Bill Mars would disclose the price paid for the plant, which SME borrowed $85 million to build. "After exploring various liquidation strategies, the Trust, with the support of Southern, has determined dismantling and removing HGS will best maximize its value," Swick said in a statement.
