Minnesota Power Deal Approved: BlackRock's Next Move?
Update: 2025-10-03
Description
Minnesota’s power grid is about to change! Regulators just approved a massive $6.2 billion deal that puts Minnesota Power under the ownership of a BlackRock and Canada Pension Plan partnership. Concerns over rate hikes and clean energy slowdowns were addressed with key deal modifications, paving the way for a future where regulators are open to big utility partnerships, provided community and environmental needs are met. Will this deal deliver on its promises of stability and sustainable energy? Only time will tell.
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