News Releases

Date Title and Summary Additional Formats
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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Toggle Summary ALLETE to Announce First Quarter Financial Results on May 2
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 4, 2019-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 2, 2019 . Following the release, ALLETE Chairman and Chief Executive Officer Alan R. Hodnik , President Bethany M.
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Toggle Summary ALLETE Closes on $270 Million Sale of U.S. Water Services to Kurita
Sale proceeds will support ALLETE growth in the clean-energy sector DULUTH, Minn. --(BUSINESS WIRE)--Mar. 27, 2019-- ALLETE Inc. (NYSE:ALE) announced today it has closed on the $270 million sale of U.S. Water Services Inc. to Kurita Water Industries Ltd.
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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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