Duluth, Minn. - ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has named Alan R. Hodnik President of ALLETE. Hodnik, 49, will also be joining the company's Board. Donald J. Shippar, 60, remains Chairman of the Board and Chief Executive Officer of ALLETE. "Al has significant strategic, leadership and operational exper...

DULUTH, Minn.-ALLETE's (NYSE: ALE) board of directors has declared a quarterly dividend of 44 cents per share of common stock. On an annual basis the dividend is equivalent to $1.76 per share, unchanged from the previous quarter. The regular quarterly dividend on common stock is payable June 1 to shareholders of record at the cl...

DULUTH, Minn. - Minnesota Power estimates that the Minnesota Public Utilities Commission (MPUC) will order an overall retail electric rate increase of approximately $21 million when it issues a formal written order on or before May 4, 2009. Minnesota Power announced its rate increase estimate today following an April 3 deliberation and v...

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 2.3 percent, to 44 cents per share. "This increase reflects our commitment to providing value for shareholders and the confidence we have in our long-term earnings potential," said Don...

DULUTH, Minn.-ALLETE, Inc. (NYSE:ALE) today announced it expects 2009 earnings per share to be within a range of $2.10 to $2.35 from net income of between $67 to $75 million, and identified the major assumptions used in its forecast. The company expects an order on its retail rate case now before the Minnesota Public Utility Commission t...

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 December 1 to shareholders of record at the c...

ALLETE, Inc. (NYSE: ALE) today reported second quarter 2008 earnings of 37 cents per share, which were consistent with the company's expectations. CEO Don Shippar said the company reaffirms its previously stated earnings guidance of a range from $2.70 to $2.90 per share for 2008. Second quarter 2008 net income was $10.7 million on opera...

DULUTH, Minn.-ALLETE, Inc. (NYSE:ALE) will announce its financial results for the quarter ended June 30, 2008 with a news release scheduled to be issued before the market opens on Friday, August 1, 2008. Following the release, ALLETE Chairman, President and CEO Donald J. Shippar and Chief Financial Officer Mark A. Schober will present an...

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...

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...