Minnesota Power, Cleveland-Cliffs make joint purchase offer

Under terms of the proposal, Cleveland-Cliffs would acquire the taconite processing plant along with all of LTV’s property that is related to the mining operations. Minnesota Power would acquire the LTV electric generating facility at Taconite Harbor and non-mining property previously owned by LTV.

May 18, 2001 — HOLYOKE, MA — The Board of Directors of ISO New England Inc., which oversees the region’s bulk power grid and wholesale electricity markets, announced that Gordon van Welie has been appointed president and chief executive officer. Mr. van Welie, who joined ISO New England as executive vice president and chief operating officer in September 2000, succeeds acting chief executive officer William W. Berry, who remains chairman of ISO New England’s Board, effective June 1, 2001.

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