In re Minnesota Power's Transfer of M.L. Hibbard Units 3 & 4 Boilers & Related Facilities to the Duluth

*148OPINION

SEDGWICK, Judge.

This appeal is from a state agency’s decision not to reduce a public utility’s rates upon approving the transfer of certain property by the utility. We affirm.

FACTS

On March 14, 1986, Minnesota Power petitioned the Minnesota Public Utilities Commission (“the PUC” or “the Commission”) for permission to transfer its M.L. Hibbard Units 3 and 4 boilers and associated equipment to the City of Duluth. Minn. Stat. § 216B.50 (1984) requires public utilities such as Minnesota Power to seek approval from the PUC before selling certain property, and it requires the PUC to…