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Stock impact report

Proposed Gas-Fired Power Plant in Wisconsin Faces New Opposition [Yahoo! Finance]

Allete, Inc. (ALE) 
Last allete, inc. earnings: 2/13 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.allete.com/investor-relations
Company Research Source: Yahoo! Finance
to build along the banks of the Nemadji River in Superior, Wisconsin. Environmental groups Sierra Club and Clean Wisconsin have been fighting construction of the Nemadji Trail Energy Center (NTEC) since at least February 2020, but now, the StarTribune , a Minneapolis, Minnesota–based media outlet, reports local leaders, some of whom previously supported development of the facility, have turned against the project. In an article published on Feb. 28 , the StarTribune noted “at least four members of the 10-member Superior City Council oppose the project with several undecided.” Superior Mayor Jim Paine was also said to be against the project now, after suggesting state and federal scrutiny of the project has been lax. A State-of-the-Art Plant NTEC is a proposed natural gas–fired combined cycle power plant with an expected capacity in the range of 525 MW to 625 MW (Figure 1). The project was originally announced by Minnesota Power and Dairyland Power in June 2017 , with expectations Show less Read more
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