Duluth, Minn.—A 15-year agreement that calls for Minnesota Power to buy carbon-free
hydroelectricity from Manitoba Hydro beginning in 2020 was unanimously approved by the
Minnesota Public Utilities Commission.
The 250 megawatt (MW) power purchase agreement will provide a competitive energy resource
for customers of Minnesota Power, a utility division of ALLETE (NYSE: ALE). Additional hydropower
will support Minnesota Power resource planning goals of more efficiency, flexibility and diversity
while lessening its dependence on coal and lowering emissions from its generation fleet.
“The Commission’s endorsement of this agreement demonstrates that cooperation in energy supply
and transmission planning can cross state and national boundaries in the interest of meeting a
changing North American energy landscape,” said ALLETE Chairman, President and CEO Al
Hodnik.
Manitoba Hydro is a Crown Corporation based in Winnipeg and the province of Manitoba's major
energy utility. Manitoba Hydro produces most of its power from hydroelectric stations in the
northern part of the province, and this agreement facilitates the construction of the Keeyask
Generating Station. This summer Manitoba Hydro announced development of the 695-MW facility
through a partnership with the Keeyask Cree Nations is progressing