The Minnesota Public Utilities Commission (PUC) on October 3, 2025, unanimously approved the USD6.2 billion sale of Allete to the Canada Pension Plan Investment Board and Blackrock’s Global Infrastructure Partners (GIP), finding the benefits of the deal to ratepayers outweighed the risks of private equity ownership. Duluth, Minnesota-based Allete—parent to Minnesota Power and Superior Water, […]
This content is available to only paying subscribers.
