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Minnesota Power sold to Canadian firm Fortis Inc., pending approval, affecting rates and energy future.
Minnesota Power, owned by MinnKota, is being sold to an investor group led by the Canadian utility company Fortis Inc.
The deal, pending regulatory approval, could impact electricity rates, service reliability, and environmental policies for residents.
While Fortis has committed to maintaining current rates and investing in infrastructure, long-term changes may depend on future regulatory decisions.
The sale has sparked debate over energy independence, local control, and the pace of transitioning to renewable energy sources.
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Minnesota Power fue vendida a la firma canadiense Fortis Inc., pendiente de aprobación, lo que afecta las tarifas y el futuro de la energía.