#MNpower

CURE

@curemn.org

2 weeks ago

MPUC denies CURE petition after ALLETE acquisition CURE petition for Minnesota Power acquisition to be reconsidered denied by MPUC

CURE is disappointed MN PUC declined our petition to reconsider MN Power's sale, missing key data center development implications, potential conflicts of interest & consider additional protections for ratepayers.

#MNPUC #MNPower #DataCenters #Transparency #PeopleNotPolluters

CURE

@curemn.org

3 weeks ago

The MN Public Utilities Commission meets tomorrow to decide whether to revisit its approval of MN Power’s sale to private equity. CURE petitioned for reconsideration due to new facts about MN Power’s ties to a controversial data center project. ⚡🕵️‍♂️ #MNPower #MNPUC #PeopleNotPolluters #DataCenters

CURE

@curemn.org

3 weeks ago

Asked to consider alternatives, Minnesota Power signals it still favors natural gas Environmental groups have urged the Duluth-based utility not to replace one fossil fuel with another amid human-caused climate change.

The MN Public Utilities Commission told MN Power to reevaluate its natural gas-heavy energy generation plan after approving its sale to private equity last fall, but MN Power’s new proposal still relies on natural gas instead of clean energy. 🚫🔥

#PeopleNotPolluters #MNPower #MNPUC #CleanEnergy

CURE

@curemn.org

2 months ago

Hermantown data center prompts petition to reconsider Minnesota Power sale Environmental organization CURE is asking the Public Utilities Commission to investigate the Minnesota Power sale further, given new information about data centers in the region.

CURE has petitioned the MN PUC to reconsider MN Power's sale to private equity after new records showed undisclosed talks about a data center in Hermantown. “There’s clearly some information that hasn’t been disclosed,” said CURE’s Hudson Kingston.

#MNPower #DataCenters #MNPUC #Transparency

CURE

@curemn.org

2 months ago

CURE petitions for reconsideration of Minnesota Power private equity takeover  ⋆ CURE Revelations about undisclosed data center project in utility’s territory raises community concerns  On December 30, 2025, CURE formally petitioned the Minnesota Public Utilities Commission (PUC) to reassess its approval of the sale of ALLETE, the parent company of Minnesota Power, to two private equity investors—the Canadian Pension Plan Investment Board (CPP) and Global Infrastructure Partners (GIP/BackRock), a subsidiary of BlackRock, the world’s […]

CURE urged the MN PUC to reconsider MN Power's takeover due to new facts on "Project Loon." Minnesotans deserve a people-centered, affordable, reliable energy system based on #transparency! #MNPower #MNPUC #DataCenters

CURE

@curemn.org

2 months ago

⚡🚨 Minnesotans united with CURE, Sierra Club MN North Star Chapter and Private Equity Stakeholder Project to discuss private equity's impact on essential services.

🎥 Watch to learn how we can reclaim our power! 💪 https://youtu.be/S_3EyTUzFcg

#MNPower #TakeBackOurPower #CUREmn

CURE

@curemn.org

3 months ago

Join us Wed, Dec 17 @ 5:30 pm CST for "Private Equity Take Over of MN Power: What Happened & What Can We Do Now?" ⚡️ Learn the facts, impacts, and how to take action! 👉 Let's discuss northern MN's energy future. Register here: bit.ly/mn-power-webinar

#TakeBackOurPower #CUREmn #MNPower

CURE

@curemn.org

3 months ago

⚡️ BlackRock is taking over Minnesota Power! 👉 Join CURE, Sierra Club & Private Equity Stakeholder Project on Wed, Dec 17th at 5:30pm for a public forum. Learn how to take action! Register here: bit.ly/mn-power-webinar
#EnergyJustice #TakeBackOurPower #CUREmn #MNpower

CURE

@curemn.org

4 months ago

Local View: Regulators sell out Minnesota with BlackRock purchase of Allete From the column: "The line we’re being fed is that private ownership will speed up Allete’s transition away from coal. ... But BlackRock’s interest undoubtedly isn’t in 'going green.' It’s in going profitable."

When your power bill climbs, don’t blame the weather—blame the PUC for selling out and BlackRock for cashing in. Minnesotans didn’t just lose a company, they lost control of their energy future.

🔥 Read more: www.duluthnewstribun...

#StopTheSale #MNPower #BlackRock

CURE

@curemn.org

5 months ago

BlackRock’s Minnesota Power takeover splits DFL coalition as corporate giant seeks bigger targets • Minnesota Reformer Ratepayer groups and corporate watchdogs were likewise unmoved by the agreement, calling its ratepayer protections insufficient.

The BlackRock takeover of MN Power is a lose-lose for northern MN. “Short-term protections can’t offset billions in profit from MN households,” says CURE’s Hudson Kingston. Minnesotans deserve better.

minnesotareformer.co...

#StopTheSale #MNPower #BlackRock

CURE

@curemn.org

5 months ago

State regulators approve sale of northern MN public utility to private investors Minnesota utility regulators unanimously approved the controversial sale of Duluth-based Minnesota Power to a pair of private investment firms, one of which is owned by BlackRock, the world’s largest asset holder.

Despite strong public opposition, the MN PUC approved BlackRock’s $6.2B takeover of MN Power. “Short-term protections can’t offset billions in profits taken from MN households,” said CURE’s Hudson Kingston.

www.mprnews.org/stor...

#MNPower #MNPUC #BlackRock

CURE

@curemn.org

5 months ago

Private Equity Power Play in Minnesota BlackRock-owned Global Infrastructure Partners and a Canadian pension giant want to buy a Minnesota-based utility. Gov. Tim Walz’s agencies have been in on pushing the deal.

🚫⚡ Betting BlackRock will put MN Power customers first is a gamble we can’t afford. Minnesotans deserve transparency, accountability & utilities that serve people, not profit. PUC must reject the sale.

prospect.org/environ...

#StopTheSale #MNPower #MNPUC #GovWalz

CURE

@curemn.org

5 months ago

BlackRock's GIP nears $38 billion takeover of utility group AES, FT reports BlackRock-owned Global Infrastructure Partners is nearing a $38 billion deal, inclusive of debt, to acquire utility group AES , the Financial Times reported on Tuesday, citing people briefed on the matter.

Will MN open the door to private equity’s utility takeover—or protect communities first? On Friday, the PUC rules on BlackRock’s $38B bid for ALLETE/MN Power. Precedent is at stake.

www.reuters.com/mark...

#StopTheSale #MNPower #EnergyFuture

CURE

@curemn.org

5 months ago

Private equity sees profits in power utilities as electric bills rise and Big Tech seeks more energy Private investment firms that are helping finance America’s artificial intelligence race and the huge buildout of energy-hungry data centers are getting interested in the local utilities that deliver electricity to regular customers — and the servers that power AI.

⚠️ MN Judge + PUC staff warn against BlackRock’s bid for MN Power. Judge McKenzie: deal is about “private equity profit.” PUC staff: “Win-win for investors, lose-lose for ratepayers.” Reject this sale.

apnews.com/article/b...

#StopTheSale #MNPower #MNPUC

CURE

@curemn.org

5 months ago

Almanac - Possible Sale of Allete - Twin Cities PBS Sale of the Duluth-based public utilities provider could mean higher rates for customers.

BlackRock’s bid to buy MN Power has customers alarmed—from families to industry. Risks: 💸 asset sell-offs 📉 debt 📈 rate hikes ⚡ poor service. “An $11T corp vs. 5 PUC members isn’t balance of power.” – Beth Tamminen.

Watch: www.tpt.org/almanac/...

#StopTheSale #MNPower #MNPUC

CURE

@curemn.org

5 months ago

MN on verge of deciding blockbuster utility sale Minnesota regulators are considering testimony they heard Thursday on a proposed acquisition which could set a new tone in the world of public utilities.A decision is expected soon on whether

“If this deal goes through, utilities nationwide are ‘open for business’ to private equity.” – CURE’s Maggie Schuppert on BlackRock’s bid for MN Power. Risks: 📈 higher rates 🌍 loss of local control ⚠️ stalled clean energy. Decision Oct 3.

app.publicnewsservice.org/story/mn-on-...

#MNPower #MNPUC

CURE

@curemn.org

5 months ago

Local View: A warning from South Texas: don't trust BlackRock with Minnesota Power Indigenous communities have seen the damage of BlackRock’s fossil-fuel agenda

⚠️ A warning from South Texas: Wall St giants like GIP & #BlackRock don’t have MN’s best interests at heart—they care about profits, not our future. A takeover risks our community health & environment. Tell MN PUC to put people over profit. #StopTheSale #MNPower #MNPUC

CURE

@curemn.org

5 months ago

Local View: Don't let BlackRock stick Minnesota Power customers with higher bills Public Utilities Commission must put ratepayers before BlackRock’s profits

MN families shouldn’t pay higher bills so Wall St. profits. BlackRock’s bid for MN Power risks transparency, reliability & affordability. The PUC must reject this deal—it’s not in the public interest.

www.duluthnewstribun...

#StopTheSale #MNPower #BlackRock

CURE

@curemn.org

5 months ago

The BlackRock Situation Just Got Worse... BlackRock is trying to buy Minnesota Power, which provides power to over 150,000 people. Why? They want to profit off of the soaring electricity demand from AI data centers. If they win, and if it's profitable, your power company could be next. If you live in Minnesota: Take action by emailing the

⚡ MN families shouldn’t have to pay higher bills so BlackRock can cash in. The PUC must reject this risky Wall Street takeover of MN Power.

👉 Let Governor Walz and the MN PUC know this deal is not in the public interest.

#StopTheSale #MNPower #BlackRock

CURE

@curemn.org

6 months ago

Can private equity pave the way for Minnesota’s clean energy transition?  Minnesota Power says the utility needs private investment to finance its shift to carbon-free electricity. Skeptics fear higher rates and broken promises.

“The sale of MN Power to BlackRock puts profit over people,” warns CURE Legal Director Hudson Kingston. Minnesotans deserve long-term clean energy solutions—not higher bills + less transparency.

www.mprnews.org/stor...

#StopTheSale #PeopleOverProfits #MNPower #BlackRock

CURE

@curemn.org

6 months ago

Critics say BlackRock’s Minnesota utility bid will increase rates – and clean energy goals will suffer Sale opponents say private equity’s profit-seeking is at odds with reasonable rates and state’s goal to decarbonize

“High profit margins often mean higher bills,” says CURE’s Maggie Schuppert. Selling ALLETE/Minnesota Power to BlackRock puts private equity over people. A fair clean energy future must put communities first. #StopTheSale #MNPower #PeopleOverProfits

CURE

@curemn.org

6 months ago

Opposition of Minnesota Power Sale Host Press Conference - Fox21Online DULUTH, Minn. — Opposition of the potential sale of Minnesota Power held a press conference today This is the latest response to the news of Minnesota Power and Allete’s potential acquisition by Global Infrastructure Partners, a BlackRock company, and C.P.P. Investments. The sale, which would take Minnesota Power off the publicly owned market, is seeing opposition from groups like The...

In Duluth, leaders united to say: The sale of Minnesota Power isn’t in the public interest. 🗣️ "It affects us all, from rates to economic well-being." - Sen. Jen McEwen.

www.fox21online.com/...

#StopTheSale #MNPower #BlackRock #EnergyJustice

CURE

@curemn.org

6 months ago

This Is How Wall Street Could Buy Your Power Company Private equity giant BlackRock is waging a scorched-earth campaign to acquire a regional power company as Wall Street seeks to profit from the AI energy boom.

🚨 Wall Street wants your power company. BlackRock’s bid for Minnesota Power puts profit over people. The energy transition must serve communities, not corporations.

www.levernews.com/th...

#PeopleOverProfits #MNPower #StopTheSale

CURE

@curemn.org

7 months ago

Protect Minnesotans and the environment, reject the BlackRock buyout of Minnesota Power | CURE Minnesota PUC must put public interest first by denying private equity greed Today, the final comment period closes for the proposed private equity acquisition of ALLETE, parent company of Minnesota Power. Under the proposed acquisition, ALLETE would no longer be a publicly traded company and would be sold to two private equity investors, the Canadian

Minnesotans say NO to BlackRock’s buyout of MN Power. Nearly 500 comments, major enviro groups & MN AG warn: higher bills, less transparency, threat to clean energy. #MNPower #StopTheSale #BlackRock

CURE

@curemn.org

7 months ago

MN PUC: REJECT the Sale of ALLETE/MN Power to Private Equity | CURE If you are concerned about the proposed sale of one of Minnesota’s largest electric utilities, Minnesota Power, to private equity firms 👉 Now is the time to act! Tell the PUC that the Department of Commerce’s settlement with Minnesota Power doesn’t protect Minnesotans and to reject this private equity takeover. Whether you are a Minnesota

MN regulators must reject BlackRock’s takeover of MN Power. It’s a bad deal for clean energy, affordability & transparency. MN deserves better. 🛑

Act now 👉 curemn.org/no-sale
#StopTheSale #PeopleOverProfits #MNPower

CURE

@curemn.org

7 months ago

‘Financial support’ from Minnesota Power may have influenced backers of utility acquisition, judge says Most supporters of a proposed private equity takeover of Minnesota Power’s parent company have financial ties to the company.

Judge confirms what many feared: most support for Allete’s private equity buyout came from those with financial ties to the company. Nearly 500 people—most opposing the deal—raised serious concerns. Minnesotans deserve transparent, accountable energy decisions.

🔗 energyandpolicy.org/...

#MNPower

CURE

@curemn.org

7 months ago

PUC should not approve MN Power’s sale to private equity firms, judge says Parent company ALLETE strongly disagrees with the ruling. The sale to raise capital for the clean energy transition has raised concerns from environmentalists and industry.

👀 ICYMI: A judge says MN Power’s sale to BlackRock-linked firms is a bad deal for the public—citing risks to clean energy, stability, and ratepayer protections. #MNPower #BlackRock #CleanEnergy #StopTheSale #PUC #PrivateEquity

🔗 www.kaxe.org/local-n...

CURE

@curemn.org

7 months ago

Local, state, and national news coverage of a Minnesota Administrative Law Judge issuing an opinion recommending against the private equity acquisition of ALLETE and Minnesota Power Last week, Minnesota Administrative Law Judge (ALJ) Megan J. McKenzie issued an opinion recommending against the proposed $6.2 billion acquisition of ALLETE and Minnesota Power by Global…

Judge urges rejection of the private equity takeover of ALLETE/MN Power, a big win for ratepayers, reliability & public oversight.

💬 “A strong precedent for protecting Minnesotans.” Hudson Kingston, CURE
📢 We urge the PUC: block this harmful deal. #StopTheSale #MNPower

pestakeholder.org/ne...

CURE

@curemn.org

7 months ago

Judge’s scathing report on Minnesota Power acquisition raises valid concerns Judge’s scathing report on Minnesota Power acquisition raises valid concerns

An Administrative Law Judge recommends rejecting the MN Power sale to BlackRock due to risks and lack of transparency. Minnesotans deserve better than private equity takeovers that prioritize profits over people. The PUC must reject this harmful deal. #MNPower #StopTheSale

replica.startribune....

CURE

@curemn.org

7 months ago

BlackRock’s proposed bid to buy ALLETE/MN Power puts profits over people, threatening transparency, reliability & affordability. Private equity shouldn't own & control essential services we rely on every day. ⚡✊

www.nytimes.com/2025...

#MNPower #BlackRock #PeopleOverProfits #StopTheSale