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Awaits Final MPUC Decision on 2025 Transaction Closure Amid ALJ Report Disagreement","url":"https://stock-news.laohu8.com/highlight/detail?id=2551319747","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2551319747?lang=en_us&edition=fundamental","pubTime":"2025-07-16 06:36","pubTimestamp":1752618990,"startTime":"0","endTime":"0","summary":"ALLETE Inc. has announced its expectation that the proposed acquisition will close in 2025, pending approval from the Minnesota Public Utilities Commission  and other customary conditions. Despite a non-binding recommendation from an Administrative Law Judge that ALLETE disagrees with, the company emphasizes that their recent comprehensive settlement agreement with the Minnesota Department of Commerce offers significant customer benefits and supports approval of the transaction. The Minnesota Department of Commerce has also endorsed the transaction, stating it aligns with the public interest. 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Secures $250 Million in Private Placement Bonds to Fund Utility Capital Expenditures","url":"https://stock-news.laohu8.com/highlight/detail?id=2551135082","media":"Reuters","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2551135082?lang=en_us&edition=fundamental","pubTime":"2025-07-15 04:33","pubTimestamp":1752525192,"startTime":"0","endTime":"0","summary":"On July 9, 2025, ALLETE, Inc. entered into a significant financing agreement by issuing $250 million in first mortgage bonds to institutional buyers in the private placement market. The bonds were sold under an exemption from registration, specifically targeting institutional accredited investors. The issuance includes four series of bonds with varying maturity dates and interest rates: $50 million at 5.37% maturing in 2032, $75 million at 5.69% maturing in 2035, $50 million at 5.79% maturing in 2037, and $75 million at 6.34% maturing in 2055. Interest is payable semi-annually, starting January 15, 2026. The proceeds from this issuance will support ALLETE's utility capital expenditures. 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