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BlackRock, Canadian Pension Plan to co-own Minnesota Power – is that a good thing? 

Published June 12, 2024 On May 6, 2024, ALLETE, Inc. (the company that owns Minnesota Power), issued a press release announcing its plan to be acquired by two large, private investors: the Canada Pension Plan Investment Board (“CPP Investments”) and Global Infrastructure Partners (“GIP”). Meanwhile, GIP is in the process of being acquired by BlackRock, the world’s largest…

CUB requests improvements to Xcel’s proposed time-of-use rate

Published May 22, 2024 In December 2023, Xcel Energy filed a petition to implement a default Time-of-Use (TOU) rate for all residential customers, with the option to opt-out. CUB and other parties filed initial comments responding to Xcel’s proposal last week. CUB generally supports TOU rates, as they could provide many potential benefits to customers…

Welcome Nick Heid to CUB’s team

Published May 20, 2024 CUB is excited to welcome Nick Heid to our team. Nick joins Citizens Utility Board as an Outreach and Communications Intern. Prior to joining CUB, he was a teacher in the west metro and graduated from University of Minnesota with his Masters in Education in 2020. He has experience in youth leadership,…

CUB fights Xcel’s attempts to raise natural gas rates 

Published April 23, 2024 In November 2023, Xcel filed a natural gas rate case in Minnesota, seeking to raise gas revenues by approximately $59 million, or 9.6 percent. If approved, this most recent request would cause residential customers’ gas bills to increase by $6.93 monthly, or $83.16 annually. A portion of this increase has already…

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