Landmark Energy Acquisition Finalized, Securing Long-term Benefits for Minnesotans

Landmark Energy Acquisition Finalized, Securing Long-term Benefits for Minnesotans

The parent company of Minnesota Power was acquired by Global Infrastructure Partners and Canadian Pension Plan Investment Board on October 3, 2025. Acquisition terms were finalized with a commitment to “strong, responsible public stewardship,” says the commission. Highlights of the settlement include access to the capital needed to finance Minnesota Power’s existing capital plans, ratepayer protections, increased investments in clean energy, enhanced service quality, improved governance safeguards, and workforce & labor protections. Read full article.

Dec. 2025 BEST START Energy Digest