ALLETE Acquisition Approved by Minnesota Public Utilities Commission

ALLETE acquisition approved by Minnesota Public Utilities Commission

DULUTH, Minn. — The sale of ALLETE has been approved by the Minnesota Public Utilities Commission(MPUC) Friday, ALLETE, the company that runs Minnesota Power and Superior Water, Light and Power of Wisconsin, announced that the MPUC has approved its acquisition. The Pension Plan Investment Board and Global Infrastructure Partners are expected to officially acquire the company in late 2025. SEE PREVIOUS: ALLETE sale now just one step away “We are …

ALLETE Obtains Regulatory Approval from Minnesota Public Utilities Commission for Partnership with CPP Investments and Global Infrastructure Partners

ALLETE (NYSE: ALE) announced the Minnesota Public Utilities Commission unanimously approved its acquisition by CPP Investments and Global Infrastructure Partners. With regulatory approvals complete, the transaction is expected to close in late 2025 following the MPUC written order.The agreement delivers approximately $200 million in Minnesota Power customer benefits, including a one-year base rate freeze, $50 million in additional rate credits, …