Minnesota Power
Stakeholders told MISO that it might have anticipated an impending cost increase for a long-range transmission project in the works in Minnesota that jumped about 43% in price to nearly $1.4 billion.
The Minnesota Public Utilities Commission approved the $6.2 billion sale of Allete to BlackRock’s Global Infrastructure Partners and the Canada Pension Plan Investment Board.
FERC granted rate incentives for the priciest project to come out of MISO’s 2024 Transmission Expansion Plan, setting off friction between commissioners.
FERC has granted Allete permission to sell several hundred million dollars in securities to raise money for its clean energy transition.
Canada's pension board and a private equity firm intend to buy Allete for $6.2 billion, a deal that appears to make some Minnesota regulators apprehensive.
The planned 625-MW gas-fired Nemadji Trail Energy Center encountered another hitch after the Superior City Council refused to move ahead on zoning changes necessary for breaking ground.
MISO said it has landed on a final design in its quest to move to a sweeping capacity accreditation that will better measure generators’ availability based on predetermined risky hours.
The timeline for building the Nemadji Trail Energy Center has been pushed into next year as clean energy groups continue to challenge the need for the planned gas plant.
Doubts continue to swirl around which version of MISO’s future fleet mix is appropriate for long-range transmission planning — the Independent Market Monitor’s or the RTO’s itself.
Minnesota regulators discuss whether it's time to lift a 13-year ban on aggregators of retail customers bidding demand response into wholesale markets.
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