News Releases

 
News Releases
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Oct 9, 2000
ALLETE’S (NYSE: ALE) ADESA subsidiary has completed the purchase of nine auto auctions from Manheim Auctions for $251 million. The auctions involved are: Southwest Auto Auction, Phoenix; Golden Gate Auto Auction, San Francisco; Southern States Vehicle Auction, Atlanta; Metro Auto Auction, Kansas City; Puget Sound Auto Auction, Seattle; Colorado Spr...
Aug 18, 2000
Wisconsin Public Service Corporation (NYSE: WPS) and Minnesota Power, Inc. (NYSE: MPL) have announced a plan to construct a 345-kilovolt transmission line from Wausau, Wis. to Duluth, Minn., a distance of about 250 miles. The proposal, called "Power Up Wisconsin," is a direct response to Governor Tommy Thompson’s call to address the pressing nee...
Aug 8, 2000
Minnesota Power, Inc. (NYSE: MPL) will begin doing business under a new name - ALLETE (NYSE: ALE) -- on September 1. The company's regulated electric business will continue to be called Minnesota Power. "With diverse, profitable and growing businesses operating in...
Jul 26, 2000
Minnesota Power, Inc. has called for redemption of all 113,358 outstanding shares of its 5% Preferred Stock at $102.50 per share plus accrued and unpaid dividends of 75 cents per share. The redemption date is August 24, 2000. Minnesota Power is redeeming this last...
Jul 19, 2000
Propelled by continued strong performance across all business units, Minnesota Power, Inc. (NYSE: MPL) reported a 30 percent increase in operating net income for the second quarter. Operating earnings pe...
Jun 27, 2000
Minnesota Power, Inc.'s ADESA subsidiary has signed a letter of intent to buy eight ADT Automotive auctions and one Manheim auction from Manheim Auctions. This is the second major purchase Minnesota Powe...
Jun 20, 2000
Minnesota Power, Inc.'s ADESA subsidiary has acquired the Canadian Auction Group (CAG), a wholesale auto remarketing company with 13 auction sites and dealer financing operations located across Canada. For ...
May 25, 2000
MP-Telecom, Inc., will offer high-speed Digital Subscriber Line (DSL) Internet access to business customers in the Duluth area. MP Telecom is working with Vancouver, Washington-based New Edge Networks ...
May 3, 2000
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 ...
Apr 19, 2000
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 ...
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