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Minnesota Power potentionally under new ownership by end of 2025

The last remaining regulatory step will be a vote by the Minnesota Public Utilities Commission required before the transaction can close. Action by the MPUC is expected this fall, and ALLETE anticipates the transaction will close in late 2025.
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Moose Lake Star Gazette broke the news in Moose Lake, United States on Wednesday, August 13, 2025.
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