BlackRock's Proposed Acquisition of ALLETE (Minnesota Power)
Sector: Power Transmission • Location: Duluth, Minnesota, United States
Source: Duluth News Tribune
BlackRock, through its subsidiary Global Infrastructure Partners, proposed to acquire ALLETE, the parent company of Minnesota Power. The acquisition is argued by BlackRock to provide Minnesota Power with capital needed to meet the state's carbon-free standard. However, an administrative law judge concluded the deal was not necessary for clean-energy goals and warned of significant rate increases a
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | under review |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | BlackRock, through its subsidiary Global Infrastructure Partners, proposed to acquire ALLETE, the parent company of Minnesota Power. The acquisition is argued by BlackRock to provide Minnesota Power with capital needed to meet the state's carbon-free standard. However, an administrative law judge concluded the deal was not necessary for clean-energy goals and warned of significant rate increases and financial risks to customers. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
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Article Published Date | Obfuscated Data |