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December 5, 2025

ALLETE

The Boldt Co.
Minnesota PUC Approves BlackRock’s Purchase of Allete
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.
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MISO-SPP JTIQ Fed Funds Caught Up in DOE Review of Grants

The U.S. Department of Energy is preparing a case-by-case review of all the agency’s financial assistance awards under the Biden administration that it says could have “significant ramifications” for current and prospective recipients.

Wtshymanski, CC BY-SA 3.0, via Wikimedia Commons
FERC OKs Incentives on $1B Minn. HVDC Modernization, Debates Procedure
FERC granted rate incentives for the priciest project to come out of MISO’s 2024 Transmission Expansion Plan, setting off friction between commissioners.
Allete
FERC OKs Allete Securities Sale Prior to Acquisition
FERC has granted Allete permission to sell several hundred million dollars in securities to raise money for its clean energy transition.
Allete
Canada Pension Board, Global Infrastructure Partners to Buy Allete
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.
DNV
Report Extols the Benefits HVDC Lines Offer the Grid
A report released by ACORE and Grid United highlighted how Europe is using HVDC transmission lines to advance its decarbonization efforts and explained how the U.S. could do the same.
ALLETE
Transmission Project Would Span Across Interconnection Divide
ALLETE and Grid United are teaming up to build a first-of-its-kind line that would span across interconnections and through three electric regions.
FERC Audit Finds ALLETE Overcharged Customers
FERC’s Office of Enforcement found that ALLETE overbilled its wholesale transmission customers through improper accounting practices.
FERC Cuts MISO Transmission Owners’ ROE to 10.32%
FERC ordered a pay cut for MISO transmission owners, reducing their ROE to 10.32% from 12.38%.
FERC Extends Comment Period on Great Northern Agreements
FERC granted Missouri River Energy Services an extension to comment on a series of “zonal agreements” submitted by ALLETE and Great River Energy.

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