Regulators Approve $6.2B Minnesota Power Takeover Amid Controversy
TL;DR Summary
Minnesota regulators approved a $6.2 billion takeover of Minnesota Power by a BlackRock subsidiary and the Canada Pension Plan Investment Board, despite opposition from the attorney general and industrial electricity buyers, with assurances that customer rates will not increase and safeguards are in place.
- Regulators approve disputed $6.2B takeover of Minnesota Power by investment group Yahoo Finance
- State regulators approve sale of Allete Duluth News Tribune
- MN PUC greenlights BlackRock takeover—Minnesotans lose Private Equity Stakeholder Project PESP
- Private Equity Power Play in Minnesota The American Prospect
- Takeover of Minnesota Power by investment group approved by regulators despite state objections CBS News
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