MN Regulators Approve BlackRock Takeover of Minnesota Power Amid Strong Opposition
MN Regulators Approve BlackRock Takeover of Minnesota Power Amid Strong Opposition The Minnesota Public Utilities Commission (PUC) has today controversially approved BlackRock’s acquisition of ALLETE, the parent company of Minnesota Power, a move met with strong criticism from consumer advocates and environmental groups. The five-person regulatory body, appointed by Governor Walz, pushed through the deal despite an Administrative Law Judge’s recommendation against it, along with widespread opposition from the Attorney General’s office and thousands of Minnesotans. Critics, including the Private…