July 13, 2024


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.
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.
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.
Manitoba-Minnesota Tx Line Granted Rate Incentives
ALLETE won FERC approval last week for rate incentives on the Great Northern Transmission Line between Manitoba and Minnesota.
Company Briefs
News briefs on companies doing business with RTOs. This week we include Entergy, Duke, NextEra and ALLETE.
ALLETE Buying Minn. Wind Farms from EDF for $10M
Minnesota’s ALLETE Clean Energy will increase its MISO wind portfolio by one-third with a $10 million acquisition from EDF Renewable Energy.
Low Coal Stockpiles Boost MISO Off-Peak Prices
Depressed coal stockpiles have led to increases in MISO’s off-peak power prices and the cost impacts could increase with a repeat of last winter’s severe cold, officials said last week.

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