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Jointly-Owned Facilities and Assets (Tables)

12 Months Ended

Dec. 31, 2024

Jointly-Owned Facilities and Assets [Abstract]

Jointly-Owned Facilities and Assets

Minnesota Power’s investments in jointly-owned facilities and assets and the related ownership percentages are as follows:

Regulated Utility Plant			Plant in Service			Accumulated Depreciation			Construction Work in Progress			% Ownership
Millions
As of December 31, 2024
Boswell Unit 4			$716.2			$396.7			$14.2			80
Transmission Assets			101.1			26.1			—			9.3 - 14.7
Total			$817.3			$422.8			$14.2
As of December 31, 2023
Boswell Unit 4			$725.9			$369.8			$2.8			80
Transmission Assets			101.0			23.6			—			9.3 - 14.7
Total			$826.9			$393.4			$2.8

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- Definition

Jointly-Owned Facilities and Assets [Abstract]

+ References

No definition available.

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- Definition

Tabular disclosure of proportionate interests in jointly owned utility plants. Includes the amount of plants in service, the accumulated provision for depreciation (if available), the amount of plants under construction, and the proportionate share. The amounts presented may be further subdivided to show amounts applicable to plant subcategories (for example, production, transmission, distribution). Includes statements that the amounts represent the utility's share in each joint plant and that it must provide its own financing. Information concerning two or more generating plants on the same site may be combined. States that the utility's share of direct expenses of the joint plants is included in the corresponding operating expenses on its income statement (for example, fuel, maintenance of plant, other operating expense). If the share of direct expenses is charged to purchased power, then disclose the amount so charged and the proportionate amounts charged to specific operating expenses on the records maintained for the joint plants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 980
-SubTopic 360
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 10.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479070/980-360-S99-1

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