An Administrative Law Judge (ALJ) recommended denying ALLETE's proposed merger on September 24, 2025, citing unresolved concerns. This recommendation was made even after reviewing a settlement agreement.
This development comes despite the Minnesota Commerce Department's support for the merger. All major regulatory approvals for the transaction have been secured, except for the final decision from the Minnesota Public Utilities Commission (MPUC).
The ALJ's recommendation introduces significant uncertainty regarding the ultimate approval and consummation of the merger. This represents a notable hurdle in the acquisition process.
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