division of energy resources
Request for Proposals
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Investigation of Proposed Acquisition of ALLETE by
Canada Pension Plan Investment Board and Global Infrastructure Management
On behalf of the Minnesota Public Utilities Commission (“Commission”), the Department of Commerce (“Department”)seeks highly specialized professional/technical services to investigate the potential risks and benefits of the proposed acquisition of Minnesota Power’s corporate parent, ALLETE, Inc. According to Minn. Stat. 216A.07, the Department has the responsibility to advise and support the Commission on matters of importance to the public interest.
On July 19, 2024, ALLETE, Inc. (ALLETE), the corporate parent of Minnesota Power, a vertically integrated electric utility serving northeast Minnesota, initiated a proceeding with the Commission seeking approval of its proposed acquisition by Global Infrastructure Management, LLC, and Canada Pension Plan Investment Board, both private equity entities. (Docket No. E015/PA-24-198). The Department requests proposals for a technical expert or experts to investigate whether the proposed acquisition is consistent with the public interest, as required by Minnesota Statute.
The Department is seeking a technical expert or experts to assist with its review of the proposed transaction and allow the Department to fully participate in these investigative proceedings to represent the public interest. Through written testimony or expert reports, the selected responder(s) will be asked to analyze and explain the potential benefits and risks of the proposed acquisition to a lay audience, and evaluate whether the acquisition is consistent with the public interest. In the course of this work, the selected responder(s) will also assist with developing written discovery topics and questions, and review legal briefs drafted by the Department’s attorneys for technical accuracy.
A Request for Proposals (RFP) is available for download on the Department’s RFP website at Request for Proposals (RFP) / Minnesota Department of Commerce - Business (mn.gov) [ [link removed] ].
All responses to this RFP need to be submitted through a single responder at
[email protected]. Proposals must be received not later than November 18, 2024 by 5:00pm Central Time. Late proposals will not be considered. Instructions and links for submitting bids are detailed in the RFP and attachments.
This request does not obligate the State to complete the work contemplated in this notice. The State reserves the right to cancel this solicitation. All expenses incurred in responding to this notice are solely the responsibility of the responder.
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*Minnesota Department of Commerce | Energy Division
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