A Minnesota utility has reversed its decision to divest from a large North Dakota coal-fired power plant, citing new risks in the Midwest electricity market and new customers.
A Minnesota utility has reversed its decision to divest from a large North Dakota coal-fired power plant, citing new risks in the Midwest electricity market and new customers.
Minnesota utility will keep stake in North Dakota coal plant kfyrtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kfyrtv.com Daily Mail and Mail on Sunday newspapers.
A Minnesota utility has reversed its decision to divest from a large North Dakota coal-fired power plant, citing new risks in the Midwest electricity market. Fergus Falls-based Otter Tail Power announced in 2021 that it would sell its minority stake in the Coyote Station Power Plant in Beulah, North Dakota. At the time, Otter Tail said the plant had become too costly and would become unnecessary as it added more renewable energy. But the Star Tribune of Minneapolis reports that Otter Tail has now told Minnesota regulators that it still needs Coyote Station for generation capacity and concerns about the regional power grid.