An amended request and reduction in the Renewable Resources Rider means many customers will see only a small increase in January bills DULUTH, Minn. --(BUSINESS WIRE)-- The Minnesota Public Utilities Commission (MPUC) today approved an interim rate increase of 5.6 percent for Minnesota Power
DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for 2016 before the stock markets open on Wednesday, February 15, 2017 . Following the release, ALLETE Chairman, President and Chief Executive Officer Alan R. Hodnik , Chief Financial Officer Steven Q.
DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE, Inc. (NYSE:ALE) announced today that LaMarr Barnes has been named Chief Executive Officer of wholly owned subsidiary U.S. Water Services ( U.S. Water). Barnes replaces former CEO Allan Bly , who resigned his position after a 20-year career with the company.
DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company's common stock to 53.5 cents per share, an increase of 3 percent. "This increase is supported by ALLETE's solid financial position and continues
DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE, Inc. ( NYSE : ALE) today reported 2016 earnings of $3.14 per share on net income of $155 .3 million and operating revenue of $1.34 billion . Results from 2015 were $2.92 per share on net income of $141 .1 million and operating revenue of $1.49 billion .
Higher demand for energy from large industrial customers provides an expected benefit to other customers DULUTH, Minn. --(BUSINESS WIRE)-- Minnesota Power , a utility division of ALLETE (NYSE:ALE), today filed an updated request with the Minnesota Public Utilities Commission (MPUC) to reduce the
DULUTH, Minn. --(BUSINESS WIRE)-- Bob Adams assumes the role of Chief Financial Officer for ALLETE Inc. (NYSE:ALE) effective March 4, 2017 . He succeeds Steve DeVinck , who last fall announced his plan to retire in the spring of 2017. "I've been very pleased by the thoughtful handoff between these
Project will expand ACE wind portfolio to 640 MW across five states DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE Clean Energy, a wholly-owned subsidiary of ALLETE Inc. ( NYSE : ALE), today announced its plan to build, own and operate a 100-megawatt wind farm in Morton and Mercer counties in North
DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 4, 2017 . Following the release, ALLETE Chairman, Chief Executive Officer and President Alan R.