News Releases

Date Title and Summary Additional Formats
Toggle Summary Minnesota Power, Potlatch team up on a new turbine generator
Minnesota Power, Potlatch team up on a new turbine generator Minnesota Power, Inc. and Potlatch Corp. have agreed to install a 24-megawatt turbine generator at the Potlatch facility in Cloquet, Minnesota. Minnesota Power's non-regulated electric business will own the turbine generator.
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Toggle Summary Minnesota Power Declares Dividend on Common Stock
Minnesota Power Declares Dividend on Common Stock Minnesota Power, Inc.'s (NYSE: MPL) Board of Directors today declared a quarterly dividend on the company's common stock. A dividend of 26.75 cents per share of common stock was declared by the board and is unchanged from the previous quarter.
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Toggle Summary MP, pipeline firms sign marketing agreement
MP, pipeline firms sign marketing agreement Minnesota Power, Inc., Lakehead Pipe Line Partners, L.P. and Enbridge Pipelines, Inc. have signed an agreement under which the pipeline companies could reduce electricity use during periods of high electric prices or demand, releasing energy to be
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Toggle Summary MP, partners will develop innovative birch compounds
MP, partners will develop innovative birch compounds DULUTH, MN - The University of Minnesota Duluth, Minnesota Power, Inc. (NYSE: MPL) and Potlatch Corp. (NYSE: PCH) have launched a partnership to glean valuable natural compounds from birch bark in quantities never before attainable.
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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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