ALLETE has entered an agreement to be acquired by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners and start the process to become a private company. Learn more at www.ALLETEforward.com.
Minn Power Third Quarter Earnings Reported Minnesota Power, Inc. (NYSE: MPL) today reported a 34 percent increase in 1999 third quarter net income compared to the same quarter last year. Net income was $34.5 million on quarterly revenue of $306.3 million versus $25.8 million of net income on $266.3
Minnesota Power accelerates timing of new wind project in North Dakota Duluth, Minn.-Minnesota Power, an ALLETE company, has accelerated its plans to build a third wind energy project in North Dakota, citing a competitive turbine market, federal production tax credits and regulatory support as
Minnesota Power adds 210 MW of clean, low-cost wind energy generation to serve its customers Duluth, Minn.-Minnesota Power, a division of ALLETE, Inc. (NYSE: ALE) has reached a significant milestone in its energy supply diversification strategy with the completion of phases two and three of the
DULUTH, Minn. --(BUSINESS WIRE)--Nov. 15, 2023-- Minnesota Power , a utility division of ALLETE Inc. (NYSE: ALE), took an important step in advancing its EnergyForward vision for 100% carbon-free energy with the issuance of a Request for Proposals (RFP) for up to 300 megawatts of regional solar
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 15, 2024-- Minnesota Power , a utility division of ALLETE Inc. (NYSE: ALE), has issued a Request for Proposals (RFP) for up to 400 megawatts of wind energy to come online by the end of 2027, an important milestone in advancing its Energy Forward  vision for
Minnesota Power Advances EnergyForward : Less Coal, More Natural Gas and Solar Power, and Additional Energy Efficiency Savings Duluth, Minn.-Minnesota Power, a division of ALLETE, Inc. (NYSE: ALE) today laid out the next steps in its Energy Forward plan, which will reduce carbon emissions, increase
DULUTH, Minn. --(BUSINESS WIRE)--Jun. 1, 2023-- To help ensure a reliable and resilient grid that can expand in the future, Minnesota Power this week outlined planned upgrades to its high-voltage, direct-current (HVDC) transmission system that delivers renewable wind energy from its Bison Wind
Minnesota Power and Blandin Paper Company Plan to Build Major New Facility; Announce Formation of Rapids Power LLC (Duluth, MN)—Minnesota Power, a business unit of ALLETE, Inc. (NYSE: ALE), and Blandin Paper Company, a subsidiary of UPM-Kymmene (NYSE: UPM) of Helsinki, Finland, have proposed a
Minnesota Power and Cleveland-Cliffs Make Joint Purchase Offer for LTV Mining Company Assets (Duluth, MN)--Minnesota Power, a business of ALLETE, Inc. (NYSE:ALE), and Cleveland-Cliffs announced today that they have submitted a bid to acquire all of the assets of LTV Steel Mining Company in
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 25, 2022-- Minnesota Power , a utility division of ALLETE Inc. (NYSE: ALE), and Great River Energy today announced their intent to build an approximately 150-mile, double-circuit 345-kV transmission line from northern Minnesota to central Minnesota near Becker