Who was Montana Power employee who lost his 401K?
Jack Timmer, who worked for Montana Power for 27 years and retired two years ago, says he’s lost $350,000 in his 401K. Timmer had to hang up his fishing pole and return to work. Now, he makes a minimum wage driving and loading trucks for a tire company.
How many people live in power, Montana?
Power is a census-designated place (CDP) in Teton County, Montana, United States. The population was 171 at the 2000 census. The town is named after Montana pioneer, Thomas Charles Power, who platted the townsite in 1910. / 47.71528°N 111.68694°W / 47.71528; -111.68694
How did Montana Power get out of the business?
Next, Montana Power announced it was selling its transmission and distribution system and getting out of the business entirely. It was going to join the dot.com revolution by transforming itself into a high-tech telecommunications company called Touch America.
Who was the person who killed Montana Power?
Correspondent Steve Kroft reports. Gary Buchanan is a former Montana legislator who runs an investment firm in Billings. Over the years, he bought and held lots of Montana Power stock for his clients. What’s more, its customers, which was everyone in Montana, had some of the lowest electricity bills in the country.
Jack Timmer, who worked for Montana Power for 27 years and retired two years ago, says he’s lost $350,000 in his 401K. Timmer had to hang up his fishing pole and return to work. Now, he makes a minimum wage driving and loading trucks for a tire company.
Next, Montana Power announced it was selling its transmission and distribution system and getting out of the business entirely. It was going to join the dot.com revolution by transforming itself into a high-tech telecommunications company called Touch America.
Correspondent Steve Kroft reports. Gary Buchanan is a former Montana legislator who runs an investment firm in Billings. Over the years, he bought and held lots of Montana Power stock for his clients. What’s more, its customers, which was everyone in Montana, had some of the lowest electricity bills in the country.
When did Montana deregulate the price of electricity?
The only people not satisfied with the arrangement were the executives at Montana Power. In 1997, their lobbyist pushed a bill through the state legislature to deregulate the price of electricity and open up the market to competition.