Minnesota Power Proposes New Gas-Fired Power Plant in Superior, WI (Duluth, MN)—Minnesota Power, an ALLETE company (NYSE: ALE), plans to build a natural gas-fired electric generating facility near Superior, Wisconsin, to help meet the region’s energy needs during times of peak electrical demand.
Wind, solar and natural gas package will increase company's renewable mix, reduce carbon and preserve reliability for customers DULUTH, Minn. --(BUSINESS WIRE)-- Minnesota Power , a utility division of ALLETE (NYSE:ALE), today announced the next step in its Energy Forward strategy for ensuring a
Customers will receive refund on bills and lower rates under proposal to state regulators DULUTH, Minn. --(BUSINESS WIRE)--Apr. 23, 2020-- Minnesota Power , a utility division of ALLETE (NYSE: ALE), today proposed a resolution to its November 2019 rate review that would reduce customers’ monthly
DULUTH, Minn. --(BUSINESS WIRE)--Dec. 16, 2020-- Minnesota Power customers are now receiving half of their energy from renewable sources as the company becomes the first Minnesota utility to deliver 50 percent renewable energy to customers. The achievement highlights the success of Minnesota
DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE ( NYSE : ALE) announced today that Minnesota Power has reached a five-year agreement to supply electricity to U.S. Steel through at least December 2021 . The largest taconite producer on Minnesota's Iron Range , U.S.
Minnesota Power reaches long-term agreement with municipal customers DULUTH, Minn. -- Minnesota Power, an ALLETE company (NYSE:ALE), has reached agreement with 15 Minnesota municipal customers on new wholesale electric service contracts that take effect July 1 and extend through June 30, 2019.
Minnesota Power Reaches Milestone in Renewable Energy Efforts with Purchase of Interstate Transmission Line Duluth, Minn.-Minnesota Power, an ALLETE company (NYSE: ALE), has finalized the purchase of a 465-mile transmission line, signaling a new era of renewable energy transport and development for
DULUTH, Minn. --(BUSINESS WIRE)--Nov. 10, 2022-- The Minnesota Public Utilities Commission today unanimously approved Minnesota Power’s 15-year Integrated Resource Plan (IRP), the regulatory roadmap for the company’s Energy Forward vision to provide 100% carbon-free energy by 2050 while
Minnesota Power redeems 5% preferred stock 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 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.