News Releases

 
News Releases
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Mar 18, 1999
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 subsidiary of LS Power, LLC, near Chicago, Ill. A natural gas-fired, combined-cycle power generation facility will be located in Kendall ...
Mar 1, 1999
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 financial guaranty reinsurance and specialty insurance company in which Minnesota Power holds a 21 pe...
Feb 16, 1999
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. The stock split will be effective on March 2, 1999, for shareholders of record on February 16, 1999. Shareholders will receive one a...
Jan 18, 1999
(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 a two-for-one stock split. "Our 1998 net income increased by 14 percent over last year. This increase reflects ...
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