ALLETE has entered an agreement to be acquired by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners and start the process to become a private company. Learn more at www.ALLETEforward.com.
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.
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
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
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
Moody's revises Minnesota Power outlook Moody's Investors Service on Nov. 11 changed its rating outlook on Minnesota Power, Inc.'s securities to stable from negative. This outlook change reflects the improving performance and prospects of the company's automotive services, water and real estate
Wausau-Duluth transmission line application filed Wisconsin Public Service Corporation (NYSE: WPS) and Minnesota Power, Inc. (NYSE: MPL) have filed an application with the Public Service Commission of Wisconsin (PSCW) to build and operate a $125 to $175 million electric transmission line from
Minn Power Third Quarter Earnings Reported Minnesota Power, Inc. (NYSE: MPL) today reported a 34 percent increase in 1999 third quarter net income compared to the same quarter last year. Net income was $34.5 million on quarterly revenue of $306.3 million versus $25.8 million of net income on $266.3
MP Telecom Fiber Optics Expands MP Telecom Fiber Optics Expands MP Telecom, a wholly owned subsidiary of Minnesota Power, Inc. (NYSE: MPL), is expanding its network through construction of a 208-mile fiber optics route into southern Minnesota. The new fiber will link Winona, Rochester, Austin,
New generation planned for Superior New generation planned for Superior Minnesota Power has announced that its electric business plans to build a natural gas-fired power plant near the city of Superior in Wisconsin's Douglas County. The power generating station, scheduled for completion in 2002,
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.