News Releases

Date Title and Summary Additional Formats
Toggle Summary Adesa expands again with four new vehicle auctions
Adesa expands again with four new vehicle auctions Indianapolis -- ADESA Corporation is acquiring the Mission City Auto Auction in San Diego and nearing completion of new auction facilities in Los Angeles, Concord, Massachusetts and Calgary, Alberta. "These new facilities advance our mission to
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Toggle Summary Minnkota Cooperative to join alliance with MP, Great River
Minnkota Cooperative to join alliance with MP, Great River Minnkota Power Cooperative, Inc., has agreed to work with Minnesota Power, Inc. and Great River Energy to form an alliance to optimize about 4,000 megawatts of generation assets. The alliance will also combine the power supply assets and
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Toggle Summary Minnesota Power reports strong operating results for 1999
Minnesota Power reports strong operating results for 1999 Minnesota Power, Inc. has announced 1999 net income from operations of $104.2 million, excluding a non-cash charge (described below) of $36.2 million, resulting in reported net income of $68 million on revenue of $1.1 billion.
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Toggle Summary Cap Re investment exchanged for ACE Ltd. shares, cash
Cap Re investment exchanged for ACE Ltd. shares, cash Minnesota Power, Inc. has exchanged 7.3 million shares of Capital Re Corporation (NYSE: KRE) common stock for 4.7 million shares of ACE Limited (NYSE: ACL) common stock plus $25.1 million in cash. The exchange of stock is the result of a revised
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Toggle Summary MP to purchase Blandin facilities
MP to purchase Blandin facilities Minnesota Power, Inc. has announced it will purchase Blandin Paper Company's steam and electric generating facilities located at the Blandin paper mill in Grand Rapids, Minnesota. Minnesota Power will operate the existing facilities, add new boiler equipment to
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Toggle Summary MP, Great River form supply alliance
MP, Great River form supply alliance Great River Energy of Elk River, Minn. and Minnesota Power, Inc. have announced that they intend to combine power supply assets and customer loads for power pool operations. MPEX, a division of Minnesota Power, will provide power trading, least-cost supply and
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Toggle Summary Moody's revises Minnesota Power outlook
Moody's revises Minnesota Power outlook Moody's Investors Service on Nov. 11 changed its rating outlook on Minnesota Power, Inc.'s securities to stable from negative. This outlook change reflects the improving performance and prospects of the company's automotive services, water and real estate
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Toggle Summary Wausau-Duluth transmission line application filed
Wausau-Duluth transmission line application filed Wisconsin Public Service Corporation (NYSE: WPS) and Minnesota Power, Inc. (NYSE: MPL) have filed an application with the Public Service Commission of Wisconsin (PSCW) to build and operate a $125 to $175 million electric transmission line from
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Toggle Summary Minn Power Third Quarter Earnings Reported
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
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Toggle Summary MP Telecom Fiber Optics Expands
MP Telecom Fiber Optics Expands MP Telecom Fiber Optics Expands MP Telecom, a wholly owned subsidiary of Minnesota Power, Inc. (NYSE: MPL), is expanding its network through construction of a 208-mile fiber optics route into southern Minnesota. The new fiber will link Winona, Rochester, Austin,
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