Allete Inc's Minnesota Power subsidiary will purchase a power transmission line from Square Butte Electric Co-op for about $80 million which will transport wind energy from the plains of North Dakota to Minnesota. The power line deal will allow Minnesota Power to phase out a long-term contract to buy power from the 705-megawatt Milton R. Young lignite coal-fired plant in Center, North Dakota.
Minnesota Power said it plans to add several hundred megawatts of wind generation near the Young plant, starting in 2010. The wind power will help Minnesota Power cut carbon emissions and meet a state mandate requiring a 25 percent renewable energy supply by 2025. The company, which now gets about 95 percent of its power from coal, has committed not to increase its carbon dioxide emissions.
The company expects to close the transaction with the electric co-op, which is subject to regulatory approval, in 2009
Source: http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN0844398720080908 Date: 08-09-2008
Minnesota Power said it plans to add several hundred megawatts of wind generation near the Young plant, starting in 2010. The wind power will help Minnesota Power cut carbon emissions and meet a state mandate requiring a 25 percent renewable energy supply by 2025. The company, which now gets about 95 percent of its power from coal, has committed not to increase its carbon dioxide emissions.
The company expects to close the transaction with the electric co-op, which is subject to regulatory approval, in 2009
Source: http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN0844398720080908 Date: 08-09-2008
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