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Allete leaders were interested in selling the business for more than a year before the Duluth-based energy company announced a $6.2 billion deal with a New York infrastructure firm this spring.
The project was developed by Minnesota Power, and its parent company Allete Inc., to harvest the highly productive wind resources in the adjacent state of North Dakota. The utility provides electricity to several energy-intensive industrial customers which dominate consumption within northern Minnesota's mostly rural economy. [2]
Investor-owned electric power delivery utilities with assets in the United States of America [2] [3] [4] Parent company Operating company Operating states AES Corporation (AES) AES Indiana, formerly Indianapolis Power & Light: IN: Dayton Power and Light: OH: Allete (ALE) Minnesota Power: MN: Superior Water, Light and Power: WI: Alliant Energy ...
MDU Resources got its start in 1924 as the Minnesota Northern Power Company. Its founder, Rolland Heskett, had previously been involved with utilities in Wisconsin and northeast Minnesota (the forerunners of Wisconsin Public Service Corporation and Minnesota Power (& Light Co.), respectively).
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The complex was later transferred to the Saint Louis Power Company. Today it is owned by Minnesota Power, a division of Allete, Inc. [ 8 ] Heavy rains in June 2012 created an historic flood in the region which overtopped the dam, breached the forebay canal and severely damaged the hydroelectric station.
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