US EditionWill Minnesota Power Sell to Private Equity?
The $6.2 billion sale will fund over $4 billion in utility infrastructure investments, including renewable energy projects, to support Minnesota's carbon-free law, with ownership split between two major investors.
Summary by MinnPost
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2 Articles
Will Minnesota Power sell to private equity?
The Minnesota Public Utilities Commission (PUC) is set to decide in October whether they will approve the $6.2 billion sale of Duluth-based Allete, parent company of Minnesota Power, to an ownership group led by BlackRock. But disagreements surrounding the sale abound, the Minnesota Star Tribune reports, within left-leaning advocacy groups. “Some hope to guarantee money for the infrastructure costs of a carbon-free grid. Others want to block pri…
Minnesota Power sale to BlackRock group ignites clean energy and private equity controversy
The parent company of Minnesota Power says its proposed sale to a private equity group would supply cash for the state’s carbon-free law. Critics say private control of a utility is bad for customers.
·Minneapolis, United States
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Total News Sources2
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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