Proposed sale of Minnesota Power to private equity firm raises questions about state’s energy future

The proposed sale of ALLETE, the parent company of our electric utility Minnesota Power, to a Canadian pension fund and Global Infrastructure Partners, a division of BlackRock, raises serious concerns for northern Minnesotans like us.

As Minnesota Power customers, we’re deeply concerned about the harmful consequences a private equity acquisition would have on the stability, affordability and accountability of a critical public service that our households and our communities rely on. This is an important moment for Minnesotans to ask questions about the current structure of our electric power system and even consider a different energy future, one that actually delivers electricity as an essential public service and where the public benefits from the system.

Electricity is essential. Yet