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Minnesota Power

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…

Utility efficiency rebates for households increase in 2024

Published February 29, 2024 Minnesota’s 2023 legislative session resulted in several fundamental changes to energy policy. It is now a state goal to reach a net-zero emissions economy by 2050, and utilities must transition to generating 100 percent carbon free electricity by 2040. Major changes will have to take place at the utility scale and…

Step-by-step guide to avoiding utility disconnection

Published September 26, 2023 So, you’re a few months behind on your energy bill, and you’ve received a disconnection notice. Don’t panic – there are avenues to find your way out of this situation and keep your power or gas on without breaking the bank. Keep reading for our step-by-step guide to avoiding disconnection: 1….

PUC approves a 9.5% rate increase for Minnesota Power

Published February 10, 2023 In November 2021, Minnesota Power filed a request with state regulators to charge its Minnesota electric customers an additional $108 million each year. If approved, this rate increase would have caused a rate hike of about 18% — or about $15 more per month for a typical residential customer. After a…

Minnesota Power’s IRP includes additional renewable energy and storage

Published November 28, 2022 Earlier this month, the Minnesota Public Utilities Commission (PUC) approved Minnesota Power’s plans for the future of its energy system. As required by law, Minnesota Power’s latest Integrated Resource Plan (IRP) provides a roadmap for how the utility will meet its electricity demand over the next 15 years. Throughout the IRP…

Commerce: Cut electric rate hike by 55 percent

July 20, 2022 The Timberjay Marshall Helmberger REGIONAL— Financial analysts with the state’s Department of Commerce (DOC) are recommending a sharp reduction in Minnesota Power’s request for higher electrical rates for its customers in northeastern Minnesota. Read more.

CUB files comments on Minnesota Power’s risky power plant investment

Published May 24, 2022 Minnesota Power, the electric utility serving much of northeastern Minnesota, filed its latest Integrated Resource Plan (“IRP”) in February 2021. An IRP is a roadmap that public utilities use to analyze and model various strategies for meeting electricity demand over the next 15-year time horizon. Ideally, the IRP planning process allows utilities to…

CUB fighting Minnesota Power’s proposed 18% rate hike

Published April 21, 2022 In November 2021, Minnesota Power filed documents with the Minnesota Public Utilities Commission (the PUC) seeking to raise its rates by about 18 percent. If approved, electricity rates would go up by about $15 per month for a typical household in Minnesota Power’s service territory.  CUB is fighting back. Background This…

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