Commission approves Minnesota Power's plan to diversify its power supply

By KBJR News 1

Commission approves Minnesota Power's plan to diversify its power supply

September 26, 2013 Updated Sep 26, 2013 at 11:19 AM CDT

Duluth, MN (NNCNOW.com) --- The Minnesota Public Utilities Commission has approved a plan by Minnesota Power to further diversify its power supply while protecting affordability.

The PUC approved Minnesota Power's 2013 resource plan for meeting the electric needs of its customers with a diversified mix while preserving reliability and keeping rates affordable.

Minnesota Power’s resource plan recommended specific actions on its coal generation fleet to comply with state and federal environmental regulations, the addition of new renewable resources in the short term and a significant natural gas addition early in the next decade to further diversify its power supply and reduce carbon emissions.

“We’re pleased with the commission’s decision approving our plan for Minnesota Power to continue diversifying its energy mix in a balanced way that helps ensure reasonable cost and reliability along
with increased environmental stewardship,” said Alan R. Hodnik, president, chairman and CEO of ALLETE.

The company’s approved plan is based on its EnergyForward resource strategy, a roadmap to providing customers with reliable, cost-effective and environmentally compliant power for decades
to come.

The EnergyForward plan will help Minnesota Power transition the company’s energy supply mix toward one-third renewables, one-third coal and one-third natural gas and other market resources long term through hydro and wind energy additions, coal-fired energy reductions and a post-2020 natural gas generation resource.

In a separate action, the Commission also approved Minnesota Power’s proposal to invest $350 million in additional environmental control technology at Boswell Unit 4. The project would reduce
mercury emissions by 90 percent. Minnesota Power officials say the project will also limit other emissions and is necessary to comply with the Minnesota Mercury Emission Reduction Act and the EPA Mercury Air Toxics Standard.

Posted to the web by Krista Burns