Allete, Inc.

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Debt Financing / Related, Mergers / Acquisitions

Allete Announces Third Partner In Nemadji Trail Energy Center Project

Published: 09/28/2021 11:20 GMT
Allete, Inc. (ALE) - Allete Announces Third Partner in Nemadji Trail Energy Center Project.
Allete Inc - Selling Portion of Its Ownership Stake in Planned Nemadji Trail Energy Center to North Dakota-based Basin Electric Power Cooperative.
Allete Inc - Deal for About $20 Million.
Allete Inc - Basin Electric Will Become a 30 Percent Owner in Facility Through Its Wholly Owned Subsidiary Nemadji River Generation Llc.
Allete Inc - Will Retain a 20 Percent Ownership Stake in Ntec Project Through Its Subsidiary South Shore Energy Llc.
Allete Inc - Dairyland Power Cooperative Will Remain a 50 Percent Owner of Planned Facility.