Minnesota has made a bold promise to its people: 100% carbon-free electricity by 2040. That’s a promise to future generations — and one we deeply admire.

Through our proposed acquisition of Allete, Minnesota Power’s parent company, we’re stepping forward to help meet the extraordinary demands of the energy transition while ensuring safe, reliable, affordable power to the communities it serves.

We recognize that not everyone welcomes private investment with open arms. Skepticism is healthy. We’re here to address it directly.

Minnesota Power is facing a defining moment. Over the next five years, Allete must invest more than $4.6 billion in clean-energy infrastructure — four times its historical spend. These investments are critical to reducing carbon, building renewable generation, modern

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