BlackRock/Allete: Judge’s Recommendation Energizes Opponents as Focus Turns to Commission Decision in Fall

Published on Jul 17, 2025

After a judge Tuesday recommended the rejection of a $6.2 billion deal that would give BlackRock (BLK) control of Allete’s (ALE) Minnesota Power, opponents and supporters alike turned their attention to the state’s public utility authority, which will decide the transaction’s fate. Energized by the recommendation, opponents urged the Minnesota Public Utility Commission…

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