Bismarck, North Dakota-based Basin Electric Power Cooperative will join Dairyland Power Cooperative and ALLETE Inc. as co-owners of the planned Nemadji Trail Energy Center (NTEC), a combined cycle natural gas power plant proposed for construction in Superior, Wisconsin.
The deal between Basin Electric and ALLETE was announced on Sept. 28. Basin Electric will become a 30% owner in NTEC by purchasing for about $20 million a portion of ALLETE’s stake in the plant, which had been 50%. Dairyland will remain a 50% owner in the planned facility. Minnesota Power, ALLETE’s utility division, will continue as constructor and operator of the plant, which is expected to have a capacity of about 600 MW.
