SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549




                                    FORM 8-K
                                 CURRENT REPORT





     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934






        DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) - JUNE 27, 2000





                              MINNESOTA POWER, INC.


                             A Minnesota Corporation
                           Commission File No. 1-3548
                   IRS Employer Identification No. 41-0418150
                             30 West Superior Street
                          Duluth, Minnesota 55802-2093
                           Telephone - (218) 722-2641




ITEM 5.  OTHER EVENTS.

For background information on the following update, reference is made to page 12
of the Annual Report on Form 10-K for the year ended  December 31, 1999 and page
9 of the Form 10-Q for the quarter ended March 31, 2000 of Minnesota Power, Inc.
(Minnesota Power or Company).

On June 27,  2000  ADESA  Corporation  (ADESA),  a wholly  owned  subsidiary  of
Minnesota Power, signed a letter of intent with Manheim Auctions, Inc. (Manheim)
to buy eight ADT  Automotive  Holdings,  Inc.'s  (ADT)  auctions and one Manheim
auction.  In January 2000 Manheim agreed to purchase 28 ADT auctions.  Following
Federal Trade  Commission (FTC) review of the Manheim/ADT  transaction,  Manheim
agreed to sell the nine auctions  ADESA intends to purchase.  The  ADESA/Manheim
transaction is subject to the negotiation and execution of a definitive purchase
agreement,  completion of due diligence, Board approval, approval by the FTC and
satisfaction of various  other  customary  conditions.   The  Company  expects
to  finance  the transaction with long-term debt to be repaid over two to three
years.

The auctions included in the transaction are:  Southwest Auto Auction located in
Phoenix,   Arizona;  Golden  Gate  Auto  Auction  located  near  San  Francisco,
California;  Southern States Vehicle Auction located in metro Atlanta,  Georgia;
Metro Auto  Auction of Kansas City located  near Kansas  City,  Missouri;  Puget
Sound Auto Auction located in the Seattle,  Washington  area;  Colorado  Springs
Auto Auction  located in Colorado  Springs,  Colorado;  and three  Florida-based
auctions,   Bayside  Auto  Auction  in  Tampa,   Clearwater   Auto  Auction  and
Orlando-Sanford Vehicle Auction. For the twelve months ended May 31, 2000, these
nine auctions sold  approximately  400,000 vehicles and generated  approximately
$130  million in  revenue.  With this  purchase,  ADESA will  operate 55 vehicle
auction facilities throughout the United States and Canada.


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                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                                     Minnesota Power, Inc.
                                               ---------------------------------
                                                        (Registrant)





June 28, 2000                                            D. G. Gartzke
                                               ---------------------------------
                                                         D. G. Gartzke
                                                Senior Vice President - Finance
                                                  and Chief Financial Officer


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