ALLETE Clean Energy Sell Thunder Spirit Wind Farm to Montana-Dakota Utilities

Sale will deliver low-cost renewable energy to MDU customers

ALLETE Clean Energy, a wholly-owned subsidiary of ALLETE Inc., today announced its plan to sell the 48-megawatt phase two of the Thunder Spirit wind farm near Hettinger, North Dakota to Montana-Dakota Utilities (MDU). The approximately $85 million sale is expected to close when ALLETE Clean Energy’s development of the site, scheduled to begin in May 2018, is complete later this year. The North Dakota Public Service Commission approved MDU’s request for an advance determination of prudence in November, noting that electricity produced at the site is expected to be more economical than energy purchased on the market. In 2014, ALLETE Clean Energy acquired the rights to build the... ... More: Official Press Release ALLETE Clean Energy

Keywords:

ALLETE, thunder Spirit, wind farm, Montana-Dakota, MDU, aquisition