As Private Equity Comes for the Utility Sector, Minnesota Is a Test Case

There’s been a significant development in hotly contested proceedings happening in northern Minnesota over whether Allete, owner of the region’s main electric utility, Minnesota Power, will be acquired by two new private equity owners, including the asset management behemoth BlackRock. After months of hearings, an administrative law judge published a report that unambiguously recommended…

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This post was originally published on Latest – Truthout.