News Releases

Date Title and Summary Additional Formats
Toggle Summary ALLETE, Inc. Reports 2019 Earnings of $3.59 Per Share; Initiates 2020 Earnings Guidance; Will Construct Significant New Clean Energy Projects In 2020
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 13, 2020-- ALLETE, Inc. (NYSE: ALE) today reported 2019 earnings of $3.59 per share on net income of $185.6 million and operating revenue of $1.2 billion . Reported results from 2018 were $3.38 per share on net income of $174.1 million and operating revenue of
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Toggle Summary Bethany M. Owen Named CEO of ALLETE; Alan R. Hodnik Announces Plans to Retire May 2021
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 3, 2020-- ALLETE , Inc.’s (NYSE:ALE) Board of Directors today announced that Bethany Owen , current President of ALLETE , has been elected CEO of ALLETE . Owen succeeds Al Hodnik . To support an orderly transition, Hodnik will serve as Executive Chairman of the
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Toggle Summary ALLETE Board of Directors Raises Quarterly Common Stock Dividend
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 31, 2020-- ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to 61.75 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 2019 Financial Results on Feb. 13
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 14, 2020-- ALLETE Inc. (NYSE:ALE) will announce its financial results for 2019 before the stock markets open on Thursday, Feb. 13, 2020 . Following the release, ALLETE Chairman and Chief Executive Officer Alan R. Hodnik , President Bethany M.
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Toggle Summary ALLETE Clean Energy Secures Tax Equity Funding for Its Two Newest Wind Sites
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 9, 2020-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), sold Class A passive membership interests in Great American West Wind LLC to JPM Capital Corporation on Dec. 30, 2019 , in support of the Glen Ullin Energy Center wind site in North
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Toggle Summary ALLETE Clean Energy’s Newest Wind Facility Goes Online to Power Upper Midwest
Company expands wind fleet with addition of 106-megawatt Glen Ullin Energy Center in North Dakota DULUTH, Minn. --(BUSINESS WIRE)--Dec. 10, 2019-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), announced today that its Glen Ullin Energy Center about 40 miles west of Bismarck,
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Toggle Summary ALLETE, Inc. Reports Third Quarter 2019 Earnings
DULUTH, Minn. --(BUSINESS WIRE)--Nov. 6, 2019-- ALLETE, Inc. (NYSE: ALE) today reported third quarter 2019 earnings of 60 cents per share on net income of $31.2 million . Last year’s results were 59 cents per share on net income of $30.7 million , which included 3 cents per share and $1.7 million
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Toggle Summary Minnesota Power Files Rate Request and Asks State Regulators to Increase Its Annual Operating Revenue
Continued investments in Energy Forward are transforming how energy is produced, delivered and used DULUTH, Minn. --(BUSINESS WIRE)--Nov. 1, 2019-- Minnesota Power , a utility division of ALLETE (NYSE: ALE), is filing a request today with state regulators to increase its annual operating revenue by
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Toggle Summary ALLETE Board of Directors Declares Dividend on Common Stock
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 24, 2019-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 58.75 cents per share of common stock. On an annual basis the dividend is equivalent to $2.35 per share, unchanged from the previous quarter.
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Toggle Summary ALLETE to Announce Third Quarter Financial Results on November 6
  DULUTH, Minn. --(BUSINESS WIRE)--Oct. 3, 2019-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Wednesday, November 6, 2019 . Following the release, ALLETE Chairman and Chief Executive Officer Alan R. Hodnik , President Bethany M.
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