Minnesota PUC approves $6.2B Allete sale to private equity

This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. Dive Brief: The Minnesota Public Utilities Commission on Friday unanimously approved the $6.2 billion sale of Allete to the Canada Pension Plan Investment Board and Blackrock’s Global Infrastructure Partners, finding the benefits of the deal to ratepayers outweighed the risks of private equity ownership. “It's pretty clear that because of the collective work of th ...