News Releases

Date Title and Summary Additional Formats
Toggle Summary ALLETE Clean Energy Celebrates Record-setting Construction Year during American Wind Week
DULUTH, Minn. --(BUSINESS WIRE)--Aug. 13, 2019-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), is in the middle of its biggest wind energy construction year as it celebrates this week’s American Wind Week. ALLETE Clean Energy is poised to nearly double its carbon-free wind
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Toggle Summary ALLETE, Inc. Reports Second Quarter 2019 Earnings Growth and Narrows Earnings Guidance Range
DULUTH, Minn. --(BUSINESS WIRE)--Aug. 1, 2019-- ALLETE, Inc. (NYSE: ALE) today reported second quarter 2019 earnings of 66 cents per share on net income of $34.2 million . Last year’s results were 61 cents per share on net income of $31.3 million . "Clean energy investments at both our regulated
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Toggle Summary ALLETE Board of Directors Declares Dividend on Common Stock
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 25, 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 Second Quarter Financial Results on August 1
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 10, 2019-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Thursday, August 1, 2019 . Following the release, ALLETE Chairman and Chief Executive Officer Alan R. Hodnik , President Bethany M.
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Toggle Summary ALLETE Clean Energy's Diamond Spring Wind Project Will Provide Renewable Energy to Large Corporate Customers Including Smithfield Foods and Walmart
DULUTH, Minn. --(BUSINESS WIRE)--Jun. 14, 2019-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), announced today a power sales agreement with Smithfield Foods, Inc. for the remaining output of the Diamond Spring wind site ALLETE Clean Energy will build, own and operate in
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Toggle Summary ALLETE Highlights Growth Opportunities in Expanding Clean Energy Markets at 2019 Annual Meeting of Shareholders
Company leaders say clean energy investments benefit customers, communities and shareholders DULUTH, Minn. --(BUSINESS WIRE)--May 14, 2019-- ALLETE Inc. (NYSE:ALE) says its targeted earnings growth is supported by the seemingly limitless opportunities found in the nation’s growing renewable energy
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Toggle Summary ALLETE Clean Energy to Sell Wind Power to Two Large Fortune 500 Companies
Venture includes new Oklahoma wind farm, two long-term power sales agreements DULUTH, Minn. --(BUSINESS WIRE)--May 3, 2019-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), announced today it has acquired the Diamond Spring wind project in Oklahoma from Apex Clean Energy and
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Toggle Summary ALLETE, Inc. Reports First Quarter 2019 Earnings of $1.37 Per Share
DULUTH, Minn. --(BUSINESS WIRE)--May 2, 2019-- ALLETE, Inc. (NYSE: ALE) today reported first quarter 2019 earnings of $1.37 per share on net income of $70.5 million and operating revenue of $357.2 million . Last year’s results were 99 cents per share on net income of $51.0 million and operating
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Toggle Summary ALLETE Board of Directors Declares Dividend on Common Stock
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 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 Clean Energy Partners with Tecsis to Produce Blades
New turbine blades enhance turbine performance and reliability DULUTH, Minn. --(BUSINESS WIRE)--Apr. 15, 2019-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), announced today it has received the 45th set of new wind turbine blades from international blade manufacturer Tecsis
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