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CPP Investments, GIP to buy Allete in USD-6 2bn take-private deal

CPP Investments, GIP to buy Allete in USD-6 2bn take-private deal
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United statesBayo ogunlesiBethany owenAllete incCanada pension plan investment boardNew york basedGlobal infrastructure partnersMinnesota power

Duluth-based Allete to be sold, go private for $6 2 billion

The parent company of Minnesota Power would be taken private for $67 per share.

United statesNew yorkCity ofUnited kingdomHong kongNew south walesJames bryceBethany owenSteve kuchera file duluth media groupAllete clean energyMinnesota powerCanada pension plan investment boardGlobal infrastructureWall streetFederal energySuperior street

ALLETE enters agreement to be acquired

ALLETE, Inc. (NYSE: ALE) will be acquired for $67 per share in cash, or $6.2 billion including the assumption of debt.

United statesJames bryceBayo ogunlesiBethany owenMinnesota power foundationPublic service commission of wisconsinMinnesota public utilities commissionYork stock exchangeAllete incNew york stock exchangeEnergy regulatory commissionCanada pension plan investment boardGlobal infrastructure partnersChief executive officer bethanySuperior waterMinnesota power

Allete To Be Acquired For $6 2 Bln By CPP Investment, GIP

(RTTNews) - Allete, Inc. (ALE) announced on Monday that a partnership led by the Canada Pension Plan Investment Board also known as CPP Investment.

United statesBethany owenPublic service commission of wisconsinMinnesota public utilities commissionAllete incEnergy regulatory commissionCanada pension plan investment boardGlobal infrastructure partnersMinnesota powerSuperior waterPublic service commissionFederal energy regulatory

Balls, orbs or neurons: the pioneering tech helping Great River Energy manage transmission lines

Steady gusts of wind swept across a field in Maple Grove last week as Warren Grange of Heimdall Power flew a drone to attach what looks like a high-tech cantaloupe on to a power line. The small sphere, which the Norway-based company officially calls a "neuron," has drawn nicknames like "magic ball" or "orb." Whatever the name, electric cooperative Great River Energy plans to install 52 of .

United statesMaple groveAllen glecknerWarren grangePriti patelGreat river energyFresh energyXcel energyHeimdall powerGreat riverMinnesota powerOtter tail powerMinnesota houseTransmission linesGreat riverPriti patel