This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Minnesota Power Outlines Its EnergyForward Resource Strategy

“The Laskin and Taconite Harbor facilities have provided reliable service and proven their value for customers over many decades, operated by talented and dedicated employees,” Hodnik said. “Like many employers in our region, Minnesota Power is experiencing a significant workforce transition now and for several years ahead,” Hodnik said. “Every effort will be made to redeploy skilled employees from affected facilities across our system, as Energy Forward evolves.”

Natural gas additions

As part of its Energy Forward plan, the company expects to add natural gas to its long-term power supply beyond the Laskin conversion to natural gas fuel. “We expect this next resource addition to occur sometime in 2020 or beyond,” Rudeck said. He said Minnesota Power’s energy mix in the future would consist of approximately one-third renewable energy, one-third natural gas and one- third coal-fired generation.

“For more than a century, Minnesota Power has been called upon to make the critical decisions that power our region’s communities, businesses and industry reliably and economically,” Hodnik said. “We recognize our responsibility to this region’s security, comfort and quality of life and that commitment will continue under our Energy Forward plan.”

Minnesota Power’s energy resource decisions and ongoing plans for fleet transition are subject to review and approval by the Minnesota Public Utilities Commission. As part of its Energy Forward plan, Minnesota Power will file its next Integrated Resource Plan (IRP) with the Minnesota Public Utilities Commission on March 1. The MPUC is anticipated to make a decision on the IRP by year end.

To learn more about Minnesota Power’s Energy Foward Plan click here to view an interview with ALLETE Chairman, President and CEO, Al Hodnik. Or visit our website at mnpower.com.

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.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,683.58 -46.53 -0.26%
S&P 500 2,068.76 -8.02 -0.39%
NASDAQ 4,991.94 -17.2740 -0.34%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs