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In page St. Anthony Falls Hydroelectric Development:

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In 1894 the Mill company offered a water lease in terms of 20 millpowers to the Minneapolis subsidiary of General Electric.[1] GE combined that with other water rights, including from sawmills that had burned down, and built the Main Street Station at the falls, constructed 1894–1895. About 38% of the generation was from waterpower (the rest was steam).[citation needed]