MP to acquire Cape Coral property MP to acquire Cape Coral property Minnesota Power, Inc. has announced that a real estate subsidiary will acquire from a subsidiary of Avatar Holdings, Inc. a portfolio of residential, commercial and recreational properties in Cape Coral, Florida.
Minnesota Power's first quarter earnings up 13% Minnesota Power's first quarter earnings up 13% Minnesota Power, Inc. has reported a 13 percent increase in first quarter 1999 net income compared to the same quarter last year. Net income was $20.9 million on quarterly revenue of $257.5 million
MP subsidiary to buy power from new source MP subsidiary to buy power from new source Minnesota Power, Inc. subsidiary Rainy River Energy Corp. has entered into a 15-year agreement to purchase approximately 275 megawatts (MW) of electric power from a 1,100 MW generating station to be built by a
MP takes one-time charge on Cap Re investment Feb. 26, 1998) Minnesota Power, Inc. announced today that it will take a $1.7 million charge against first quarter 1999 earnings as a result of a $44 million reserve established for likely extraordinary insurance claims at Capital Re (NYSE: KRE), a
Minnesota Power stock split approved Minnesota Power stock split approved Minnesota Power has received final regulatory approvals to split its common stock on a two-for-one basis. The Federal Energy Regulatory Commission has approved the stock split, which was announced January 18, 1999.
Minnesota Power earnings increase; dividend raised, stock split (Jan. 18, 1999) Minnesota Power, Inc. (NYSE: MPL), the diversified Duluth-based services company, today released its 1998 financial results while at the same time announcing an increase in the dividend on the company’s common stock and