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All Releases
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ALLETE CEO tells shareholders that regional economic growth requires an affordable, balanced mix of power generation
05/14/2013
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DULUTH, Minn. - With industrial demand for around-the-clock affordable electricity growing, Minnesota Power is continuing on its strategic path to ensure that tomorrow's power generation mix is affordable, reliable and cleaner to meet customer expectations and underpin a strong regional economy.
That message was delivered to an audienc...
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ALLETE reports first quarter earnings; EPS rose 25% compared to Q1 2012
05/08/2013
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DULUTH, Minn. - ALLETE, Inc. (NYSE:ALE) today reported first quarter 2013 earnings of 83 cents per share on net income of $32.5 million and operating revenue of $263.8 million, compared to 66 cents on net income of $24.4 million and operating revenue of $240 million in 2012.
ALLETE's Regulated Operations segment, which includes Minneso...
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ALLETE Board of Directors declares dividend on common stock
05/01/2013
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DULUTH, Minn. - ALLETE, Inc. (NYSE: ALE) board of directors has declared a quarterly dividend of 47.5 cents per share of common stock.
On an annual basis the dividend is equivalent to $1.90 per share, unchanged from the previous quarter.
The regular quarterly dividend is payable June 1 to common stock shareholders of record...
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ALLETE to announce first quarter financial results May 8
04/03/2013
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DULUTH, Minn.-ALLETE, Inc. (NYSE:ALE) will announce its financial results for the first quarter of 2013 before the stock markets open on Wednesday, May 8, 2013.
Following the release, ALLETE Chairman, President and Chief Executive Officer Alan R. Hodnik and Chief Financial Officer Mark A. Schober will present an overview of results an...
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Minnesota Power completes new transmission line to energize Essar Steel Minnesota facility in Nashwauk
04/02/2013
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Duluth, Minn.-Minnesota Power, a division of ALLETE, Inc. (NYSE: ALE), has completed the installation of several related electric infrastructure projects including substations and new transmission lines near Nashwauk, Minn., that will energize the Essar Steel Minnesota taconite mine and processing facility.
Minnesota Power and its cont...
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Minnesota Power's 2013 Resource Plan
03/01/2013
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Duluth, Minn.-In its 2013 Resource Plan filed today, Minnesota Power, a division of ALLETE (NYSE: ALE), further outlined its commitment to meeting the needs of customers with a reliable, affordable and sustainable power supply now and into the future.
"Minnesota Power's Resource Plan is the next chapter in our EnergyForward...
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ALLETE reports 2012 earnings of $2.58 per share
02/15/2013
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Duluth, Minn. - ALLETE, Inc. (NYSE: ALE) today reported 2012 earnings of $2.58 per share compared with $2.65 per share in 2011. Excluding two non-recurring items, ALLETE's pro-forma earnings in 2011 were $2.39 per share.
The company recorded net income of $97.1 million in 2012 compared with $93.8 million a year ago, an increase of 3.5 pe...
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ALLETE increases quarterly common stock dividend by 3.3 percent to 47.5 cents per share
01/23/2013
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DULUTH, Minn. - ALLETE, Inc. (NYSE: ALE) announced that its Board of Directors has increased the quarterly dividend on the company's common stock to 47.5 cents per share.
"This increase reflects our confidence in ALLETE's near-term financial performance and long-term earnings outlook, and our ongoing commitment to building value for ...
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ALLETE to announce 2012 financial results on February 15
01/18/2013
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DULUTH, Minn.-ALLETE, Inc. (NYSE:ALE) will announce its financial results for 2012 before the stock markets open on Friday, February 15, 2013.
Following the release, ALLETE President and Chief Executive Officer Alan R. Hodnik and Chief Financial Officer Mark A. Schober will present an overview of results and discuss other factors affec...
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Minnesota Power adds 210 MW of clean, low-cost wind energy generation to serve its customers
12/19/2012
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Duluth, Minn.-Minnesota Power, a division of ALLETE, Inc. (NYSE: ALE) has reached a significant milestone in its energy supply diversification strategy with the completion of phases two and three of the company's Bison Wind Energy Center. The 210-megawatt (MW) renewable energy installations near New Salem, N.D., are now operational and the commi...
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George Goldfarb named to ALLETE Board of Directors
10/31/2012
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Duluth, Minn., ALLETE, Inc. (NYSE:ALE) announced today that George Goldfarb has joined ALLETE's board of directors.
Goldfarb is the President of Duluth based clothing retailer, Maurices, a wholly owned subsidiary of Ascena Retail Group, Inc. (NASDAQ - ASNA), a publicly traded company, recently named to Fortune magazine's list of "100...
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ALLETE reports third quarter earnings of 78 cents per share
10/31/2012
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DULUTH, Minn. - ALLETE, Inc. (NYSE:ALE) today reported third quarter 2012 earnings of 78 cents per share on net income of $29.4 million and operating revenue of $248.8 million, compared to 57 cents on net income of $20.5 million and operating revenue of $226.9 million in the third quarter a year ago.
ALLETE benefited from increased energ...
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ALLETE Board of Directors declares dividend on common stock
10/29/2012
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DULUTH, Minn. - ALLETE, Inc. (NYSE: ALE) board of directors has declared a quarterly dividend of 46 cents per share of common stock.
On an annual basis the dividend is equivalent to $1.84 per share, unchanged from the previous quarter.
The regular quarterly dividend is payable December 1 to common stock shareholders of record at ...
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ALLETE to announce third quarter financial results October 31
10/01/2012
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DULUTH, Minn.-ALLETE, Inc. (NYSE:ALE) will announce its financial results for the third quarter of 2012 before the stock markets open on Wednesday, October 31, 2012.
Following the release, ALLETE Chairman, President and Chief Executive Officer Alan R. Hodnik and Chief Financial Officer Mark A. Schober will present an overview of resul...
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Industrial power sales climb 3.4 percent; ALLETE reaffirms guidance, Demand nominations strong for remainder of 2012
08/02/2012
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DULUTH, Minn. - ALLETE, Inc. (NYSE:ALE) today reported second quarter 2012 earnings of 39 cents per share on net income of $14.4 million and operating revenue of $216.4 million, compared to 48 cents on net income of $17.0 million and operating revenue of $219.9 million in 2011.
Last year's results included a $2.9 million, or 8 cents p...
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ALLETE Board of Directors declares dividend on common stock
07/26/2012
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DULUTH, Minn. - ALLETE, Inc. (NYSE: ALE) board of directors has declared a quarterly dividend of 46 cents per share of common stock.
On an annual basis the dividend is equivalent to $1.84 per share, unchanged from the previous quarter.
The regular quarterly dividend is payable September 1 to common stock shareholders of record at...
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ALLETE to announce second quarter financial results August 2
07/02/2012
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DULUTH, Minn.-ALLETE, Inc. (NYSE:ALE) will announce its financial results for the second quarter of 2012 before the stock markets open on Thursday, August 2, 2012.
Following the release, ALLETE Chairman, President and Chief Executive Officer Alan R. Hodnik and Chief Financial Officer Mark A. Schober will present an overview of results...
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Boswell Energy Center Unit 4 to reduce mercury emissions by 90 percent, extend reliability and continue to provide cost-competitive energy
05/08/2012
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Duluth, Minn.-The region's largest electric generating unit will undergo a major environmental retrofit that will greatly reduce emissions while helping to ensure competitively-priced energy for decades to come.
Boswell Unit 4 in Cohasset, Minn. will reduce emissions of mercury, particulates and sulfur dioxide. ALLETE Chairm...
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ALLETE reports first quarter results and reaffirms 2012 earnings guidance
05/02/2012
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DULUTH, Minn. — ALLETE, Inc. (NYSE:ALE) today reported first quarter 2012 earnings of 66 cents per share on net income of $24.4 million and operating revenue of $240.0 million, compared to $1.07 on net income of $37.2 million and operating revenue of $242.2 million in 2011.
The first quarter of 2011 included the reversal of a $6.2...
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ALLETE Board of Directors declares dividend on common stock
04/26/2012
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DULUTH, Minn. - The ALLETE, Inc. (NYSE: ALE) Board of Directors has declared a quarterly dividend of 46 cents per share of common stock.
On an annual basis the dividend is equivalent to $1.84 per share, unchanged from the previous quarter.
The regular quarterly dividend is payable June 1 to common stock shareholders of reco...
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