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All Releases
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Minnesota Power requests rate increase for retail customers
May 2, 2008
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DULUTH, Minn. - Minnesota Power, an ALLETE company (NYSE: ALE), today filed a rate adjustment request with the Minnesota Public Utilities Commission (MPUC), seeking an increase of $45 million in the electric rates charged to its retail customers.
With MPUC approval, interim rates would take effect July 1, 2008. The company expects the MP...
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ALLETE reports first quarter 2008 earnings of 82 cents per share
May 2, 2008
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Duluth, Minn. — May 2, 2008 — ALLETE, Inc. (NYSE: ALE) today reported first quarter 2008 earnings of 82 cents per share, compared to 93 cents per share in the first quarter of 2007.
Net income in the quarter ending March 31, 2008 was $23.6 million on revenue of $213.4 million, compared to net income of $26.3 million on reve...
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ALLETE Board of Directors declares dividend on common stock
Apr 24, 2008
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DULUTH, Minn. — ALLETE's (NYSE: ALE) board of directors has declared a quarterly dividend of 43 cents per share of common stock.
On an annual basis the dividend is equivalent to $1.72 per share, unchanged from the previous quarter.
The regular quarterly dividend on common stock is payable June 1 to shar...
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ALLETE's first quarter earnings release, conference call May 2
Apr 17, 2008
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DULUTH, Minn.—ALLETE, Inc. (NYSE:ALE) will announce its financial results for the
quarter ended March 31, 2008 with a news release scheduled to be issued before the market
opens on Friday, May 2, 2008.
Following the release, ALLETE Chairman, President and CEO Donald J. Shippar and Chief
Financial Officer Mark A. Schober will pre...
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ALLETE reports 2007 EPS of $3.08, 11% higher than in 2006
Feb 15, 2008
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ALLETE (NYSE:ALE) today reported 2007 net income of $87.6 million on revenue of $841.7 million, compared to $76.4 million in net income and $767.1 million in revenue in 2006. Diluted earnings per share from continuing operations rose 11% to $3.08 from $2.77 in 2006.
"We are pleased with our financial performance in 2007, especially whe...
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Federal regulators approve Minnesota Power wholesale rate request
Feb 12, 2008
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DULUTH, Minn.-Minnesota Power, an ALLETE company (NYSE: ALE) announced today that the Federal Energy Regulatory Commission approved an increase to the electric rates of Minnesota Power's wholesale customers. The rate increase applies only to Minnesota Power's 16 municipal customers and two private utilities in Wisconsin, including Superior Water...
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ALLETE To Announce 2007 Financial Results on February 15
Jan 30, 2008
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DULUTH, Minn. - ALLETE, Inc. (NYSE:ALE) will announce its financial results for 2007 before the financial markets open on Friday, February 15, 2008.
Following the release, ALLETE Chairman, President and CEO Donald J. Shippar and ALLETE Chief Financial Officer Mark A. Schober will present an overview of results for 2007 and the outlook ...
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Minnesota Power Proposes 250 MW Hydroelectric Energy Purchase
Jan 29, 2008
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DULUTH, Minn.- Minnesota Power, an ALLETE company (NYSE: ALE), announced today that it has signed a term sheet outlining two purchased-power agreements with Manitoba Hydro: an initial purchase by Minnesota Power of surplus energy to begin in 2008, and a 15-year-term Minnesota Power purchase of 250 megawatts beginning in about 20...
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ALLETE Increases Common Stock Dividend
Jan 24, 2008
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DULUTH, Minn. - ALLETE, Inc. (NYSE: ALE) today announced that its Board of Directors has increased the quarterly dividend on the company's common stock by five percent, to 43 cents per share.
"This increase reflects our long-term earnings outlook and our ongoing commitment to create value for our shareholders," said Don Shippar, ALLETE ...
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Minnesota Power Requests Wholesale Customer Rate Increase
Dec 31, 2007
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DULUTH, Minn.- On December 28, 2007 Minnesota Power, an ALLETE company (NYSE: ALE), filed a rate adjustment request with the Federal Energy Regulatory Commission (FERC) seeking an increase in the electric rates of its wholesale customers. Minnesota Power has not asked for a wholesale rate adjustment since 1995.
This requ...
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ALLETE provides 2008 earnings outlook and reiterates 2007 guidance
Dec 7, 2007
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DULUTH, Minn.-ALLETE, Inc. (NYSE:ALE) today announced it expects 2008 earnings to be within a range of $2.70 to $2.90 per share. The company's expectation for 2007 remains unchanged at $3.00 to $3.05 per share.
"Our outlook for 2008 assumes electric rate case filings, rate base asset growth from a significant capital expenditure program,...
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Renewable Energy Highlights Minnesota Power Growth Plan
Oct 31, 2007
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DULUTH, Minn.—In documents to be filed later today with the Minnesota Public Utilities Commission (MPUC), Minnesota Power states it can meet the estimated future electric energy needs of its customers for the next decade while achieving real reductions in the emission of greenhouse gases (primarily carbon dioxide). This forecast is contai...
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ALLETE Reports Third Quarter 2007 Earnings
Oct 26, 2007
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ALLETE Inc. (NYSE: ALE) today reported third quarter 2007 earnings of 58 cents per share, on net income of $16.5 million and operating revenue of $200.8 million.
In the third quarter a year ago, earnings were 78 cents per share on net income of $21.8 million and operating revenue of $199.1 million.
Earnings from ALLETE's ener...
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ALLETE Board of Directors Declares Dividend on Common Stock
Oct 18, 2007
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DULUTH, Minn.—ALLETE's (NYSE: ALE) board of directors has declared a quarterly dividend of 41 cents per share of common stock.
On an annual basis, the dividend is equivalent to $1.64 per share, unchanged from the previous quarter.
The regular quarterly dividend on common stock is payable December 1 to shareholders of ...
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ALLETE Earnings Release, Conference Call Scheduled October 26
Oct 5, 2007
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DULUTH, Minn.—ALLETE, Inc. (NYSE:ALE) will announce its financial results for the quarter ended September 30, 2007 with a news release scheduled to be issued before the market opens on Friday, October 26, 2007.
Following the release, ALLETE Chairman, President and CEO Donald J. Shippar and Chief Financial Officer Mark A. Schober...
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Two real estate sales boost ALLETE's second quarter EPS to 80 cents compared to 47 cents in second quarter of 2006
Jul 27, 2007
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ALLETE, Inc. (NYSE: ALE) today reported second quarter 2007 earnings per share of 80 cents compared to 47 cents per share in the second quarter a year ago.
Net income in the second quarter of 2007 was $22.6 million on operating revenue of $223.3 million, compared to net income of $13.2 million on operating revenue of $178.3 million ...
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Douglas Neve elected to the ALLETE Board of Directors
Jul 24, 2007
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Douglas C. Neve, former Chief Financial Officer of Minneapolis-based Ceridian Corporation, has joined the ALLETE Board of Directors.
Neve, 51, of Eden Prairie, Minn. was elected by ALLETE's Board of Directors on July 18. As a former public company CFO and audit partner with two international accounting firms, Neve has an ex...
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ALLETE Properties closes on first phase of property sale to Lowe
Jul 19, 2007
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ALLETE Properties has closed a $13 million sale of land representing the first phase of Sawmill Creek, an upscale residential golf course community to be developed by Lowe Destination Development in Palm Coast, Florida. The closing, which had been expected, will be included in ALLETE's second quarter earnings report.
The sale involve...
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ALLETE Board of Directors Declares Dividend on Common Stock
Jul 19, 2007
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DULUTH, Minn.—ALLETE's (NYSE: ALE) board of directors has declared a quarterly
dividend of 41 cents per share of common stock.
On an annual basis the dividend is equivalent to $1.64 per share, unchanged from the previous
quarter.
The regular quarterly dividend on common stock is payable September 1 to shareholders of...
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ALLETE Schedules Second Quarter Earnings Release and Conference Call
Jul 11, 2007
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DULUTH, Minn.-ALLETE, Inc. (NYSE:ALE) will announce its financial results for the quarter ended June 30, 2007 with a news release scheduled to be issued before the market opens on Friday, July 27, 2007.
Following the release, ALLETE Chairman, President and CEO Donald J. Shippar and Chief Financial Officer Mark A. Schober will present...
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