News Releases

Date Title and Summary Additional Formats
Toggle Summary ALLETE, Inc. Reports 2018 Earnings of $3.38 Per Share; Initiates 2019 Earnings Guidance; 2019 to Be a Significant Year of Renewable Energy Projects
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 14, 2019-- ALLETE, Inc. (NYSE: ALE) today reported 2018 earnings of $3.38 per share on net income of $174.1 million and operating revenue of $1.5 billion . Reported results from 2017 were $3.38 per share on net income of $172.2 million and operating revenue of
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Toggle Summary ALLETE Inc. Announces Sale of U.S. Water Services, Inc. to Global Water Management Company
Sale proceeds to be reinvested in clean energy opportunities DULUTH, Minn. --(BUSINESS WIRE)--Feb. 8, 2019-- ALLETE, Inc. (NYSE: ALE) today announced it has entered into a stock purchase agreement providing for the sale of U.S. Water Services, Inc. to Kurita Water Industries Ltd.
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Toggle Summary Bethany Owen Named President of ALLETE
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 4, 2019-- ALLETE , Inc.’s (NYSE:ALE) Board of Directors has elected Bethany Owen President of ALLETE . Owen, 53, has been with the company for more than 16 years and will report to Al Hodnik who remains Chairman and CEO of ALLETE .
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Toggle Summary ALLETE Board of Directors Raises Quarterly Common Stock Dividend
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 1, 2019-- ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to 58.75 cents per share, a five percent increase. “ALLETE’s board is confident with this dividend increase given
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Toggle Summary ALLETE to Announce 2018 Financial Results on Feb. 14
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 11, 2019-- ALLETE Inc. (NYSE:ALE) will announce its financial results for 2018 before the stock markets open on Thursday, Feb. 14, 2019 . Following the release, ALLETE Chairman, President and Chief Executive Officer Alan R.
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Toggle Summary ALLETE Clean Energy Adds 50-MW Oregon Wind Site to Refurbishment Strategy
Condon Wind investment brings growth, positions site for recontracting DULUTH, Minn. --(BUSINESS WIRE)--Dec. 18, 2018-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), announced today it is refurbishing its 50-megawatt Condon Wind facility in Oregon , with the project
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Toggle Summary ALLETE Clean Energy, Xcel Energy Sign New Contracts for Existing Southern Minnesota Wind Site
5-year agreements extend site’s sales to Xcel Energy customers DULUTH, Minn. --(BUSINESS WIRE)--Dec. 3, 2018-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), has approved new 5-year power sale agreements between its Viking wind facilities in southern Minnesota and Xcel Energy
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Toggle Summary ALLETE, Inc. Reports Third Quarter 2018 Earnings
DULUTH, Minn. --(BUSINESS WIRE)--Nov. 1, 2018-- ALLETE, Inc. (NYSE: ALE) today reported third quarter 2018 earnings of 59 cents per share on net income of $30.7 million and operating revenue of $348.0 million . Last year’s results were 88 cents per share on net income of $44.9 million and operating
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Toggle Summary ALLETE Clean Energy Advances Growth Strategy with Sale of Wind Project in North Dakota While Breaking Ground on New Wind Development
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 31, 2018-- ALLETE Clean Energy, a wholly-owned subsidiary of ALLETE Inc. (NYSE: ALE), today closed the approximately $84 million sale of the 48-megawatt phase two of the Thunder Spirit wind facility in North Dakota to Montana-Dakota Utilities .
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Toggle Summary ALLETE Board of Directors Declares Dividend on Common Stock
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 25, 2018-- The ALLETE Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 56 cents per share of common stock. On an annual basis the dividend is equivalent to $2.24 per share, unchanged from the previous quarter.
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