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Minnesota Power Replies To Comments On Its Generation Study

Minnesota Power plans to file its next integrated resource plan in 2013. The plan will address Minnesota Power’s entire energy supply picture as well as build on what was learned in the BDS, including a cost analysis of environmental controls to meet the evolving new EPA air regulations, including those just finalized in December, and potential unit remissioning or closure impacts to communities where the coal-fired units are located. Decisions will have to be made against a backdrop of projected increased energy demand in the region, fluid fuel prices, and pending environmental regulations.

Minnesota Power, a division of ALLETE, Inc., supplies electric service to 144,000 residents, 16 municipalities and some of the largest industrial customers in the United States. For more information visit www.mnpower.com .

The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission.

Copyright Business Wire 2010
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