Minnkota Cooperative to join alliance with MP, Great River Minnkota Power Cooperative, Inc., has agreed to work with Minnesota Power, Inc. and Great River Energy to form an alliance to optimize about 4,000 megawatts of generation assets. The alliance will also combine the power supply assets and
MN Power Secures Long-Term Energy Contract with Blandin Paper DULUTH, Minn.-Minnesota Power, a division of Duluth-based ALLETE, Inc. (NYSE: ALE), announced today it has reached an agreement with Blandin Paper Company, a subsidiary of UPM (NYSE: UPM), to provide all of Blandin's electric service
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
MP subsidiary to buy power from new source MP subsidiary to buy power from new source 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
MP takes one-time charge on Cap Re investment 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
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,
MP Telecom Introduces DSL Internet Access To Duluth 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 to begin offering DSL technology within the
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.
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's Hagley Honored For Environmental Stewardship Duluth, Minn. — Minnesota Power, an ALLETE company (NYSE: ALE) today announced that one of its lead environmental scientists has received national recognition for his work aimed at reducing emissions from electric power plants.