MINNESOTA PUC APPROVES $6.2B ALLETE SALE TO PRIVATE EQUITY
https://s.yimg.com/ny/api/res/1.2/xX_38CP_JpjAmZcgwTElYg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/utility_dive_591/5ed2e361659b961a101908cf7ea5b261
✍️ The Minnesota Public Utilities Commission has approved the $6.2 billion sale of Allete to the Canada Pension Plan Investment Board and Blackrock's Global Infrastructure Partners, finding the benefits to ratepayers outweigh the risks of private equity ownership.
👉 The Minnesota Public Utilities Commission approved the $6.2 billion sale of Allete to the Canada Pension Plan Investment Board and Blackrock's Global Infrastructure Partners 👉 The benefits to ratepayers total about $200 million 👉 The agreement includes funding Allete's $5 billion, five-year capital plan and providing $50 million for firm clean power 👉 The deal's supporters include the Minnesota Chamber of Commerce, the International Brotherhood of Electrical Workers Local 31, and the Laborers' International Union of Minnesota & North Dakota
-- #AudreyPartridge #KatieSieben #HwikwonHam #JoeSullivan #Duluth #Minnesota #Wisconsin #NewMexico #Texas #business
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