1990
(top)
Electric sales exceed 10 million megawatt-hours for the first time
The company’s average retail price per kilowatt-hour hovers at right around four cents
As the 1990 Clean Air Act Amendments come into force, Minnesota Power reduces its already low sulfur dioxide emission rates at its plants by 11 percent
The Americans With Disabilities Act, protecting the handicapped against job discrimination and assuring access to public transportation and public places, is signed into law by President George H. W. Bush
1991
With 179,000 water, wastewater, sanitation and LP gas customers in Florida and North Carolina, Minnesota Power now serves more customers in its diversified utility services than it does electric customers in Minnesota.
Minnesota Power’s taconite customers produce more than 40 million tons of pellets for the fourth straight year
Duluth and northern Minnesota dig out from beneath a three-foot Halloween snowstorm, the biggest such storm in the region’s history
Jack Morris pitches 10 innings of shutout baseball in the 7th game at the Metrodome to give the Minnesota Twins its second World Series championship in four years
Operation Desert Storm pushes Iraqi troops out of Kuwait and kicks off the first Gulf War
1992
Minnesota Power’s new strategic plan serves as the company’s blueprint for future growth in an industry wrestling with the effects of the National Energy Policy Act of 1992
Minnesota Power subsidiary Synertec completes construction of a $76 million scrap paper recycling plant adjacent to Lake Superior Paper Industries.
BNI coal reports record sales of lignite
Thousands of Duluth and Superior residents are evacuated when a derailed Burlington Northern tank car spills 30,000 gallons of liquid benzene gas into the Nemadji River
Arkansas Governor Bill Clinton is elected President, ending 12 years of Republican control of the White House
1993
Minnesota Power reports that average annual return on common stock is 17 percent from 1984 to 1993
Operating revenues pass a half-billion dollars for the first time
The company’s Florida utilities are consolidated under the Southern States Utilities umbrella
Professional baseball returns to the Twin Ports after 23 years when the Duluth Dukes once again start playing at Wade Stadium
Eighteen people die when a Northwest Airlink plane crashes on approach to the Hibbing-Chisholm Airport in early December
1994
Minnesota Power makes a $167 million offer to purchase 80 percent of the stock of Indianapolis-based ADESA, the nation’s third-largest auto auction company
Taconite production and the manufacture of wood and paper products account for 49 percent of the company’s electric operating revenues
Installation of a new stacker and changes in conveyor routing at the Boswell coal-handling facility make it possible to unload an entire train without moving coal to remote stockpiles
Millions of Americans sit transfixed in front of their television sets on a Friday night in June as California law enforcement officials conduct a slow motion chase of football star O.J. Simpson, wanted for questioning in the murder of his wife, Nicole, and her friend, Ron Goldman
1995
Minnesota Power increases the dividend on its common stock to $2.04, the 25th consecutive year in which it has raised its dividend
Edwin L. Russell is named president and chief executive officer to replace Arend J. Sandbulte, who is named chairman of the company
The company concludes the sale of Lake Superior Paper Industries and Superior Recycled Fiber Industries to Consolidated Papers Inc., fulfilling its objectives of launching two new profitable industrial companies in northern Minnesota
A truck bomb destroys the Alfred Murrah Federal Building in Oklahoma City, killing 168 people and wounding hundreds more
1996
Minnesota Power has 725 megawatts of power under Large Power Contracts
Southern States Utilities is renamed Florida Water Services
Minnesota Power acquires the remaining 17 percent of ADESA
Fargo, a dark comedy of the human soul by the Coen Brothers, teaches millions of Americans how to talk Minnesotan, you betcha
1997
The market value of the company’s ownership of a 21 percent share in CapitalRe, a New York Stock Exchange-traded reinsurance company, increases by $51 million
Burnt Store Marina on Charlotte Harbor is the latest customer for the company’s Florida Water Services subsidiary
Florida property sales reach an all-time high of $32 million, double the sales reported in 1996
The City of Duluth is in the process of completing the Lakewalk from Canal Park to the end of Interstate 35 at 26th Avenue East
The death of Britain’s Princess Diana in a Paris automobile accident dominates global headlines for weeks
1998
Minnesota Power implements its Key Account Management system to better serve large power customers
MP Telecom completes a 300-mile fiber optic network linking Duluth, Hibbing and Brainerd
ADESA subsidiary Automotive Financing Corp. is the nation’s leading provider of inventory financing for used vehicle dealers
1999
Florida Water Services acquires Palm Coast Utility Corp., and the company’s real estate subsidiary acquires a major block of property at Cape Coral in southwest Florida
A total of 8,000 people in North America work for Minnesota Power or its subsidiaries
Rainy River Energy, a Minnesota Power subsidiary, negotiates agreement to purchase 275 megawatts of power from a new generating plant to be built southwest of Chicago
Hurricane Floyd skirts Florida and then devastates coastal North Carolina, with resulting floods leaving thousands of Tar Heels homeless and the city of Rocky Mount essentially under water |