MN PUC Greenlights Private Equity Takeover of Minnesota Power
Today, the Minnesota Public Utilities Commission (PUC) unanimously approved the sale of ALLETE, the parent company of Minnesota Power, to two private equity investors, the Canadian Pension Plan Investment Board (CPP) and Global Infrastructure Partners, a subsidiary of BlackRock, the world’s largest asset manager. This decision concludes a lengthy regulatory, legal, and public battle which […]
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