News Releases

Date Title and Summary Additional Formats
Toggle Summary Minnesota Power Ready to Move Next Phase of EnergyForward Following MPUC Approval of Resource Plan
DULUTH, Minn. --(BUSINESS WIRE)--Nov. 10, 2022-- The Minnesota Public Utilities Commission today unanimously approved Minnesota Power’s 15-year Integrated Resource Plan (IRP), the regulatory roadmap for the company’s Energy Forward   vision to provide 100% carbon-free energy by 2050 while
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Toggle Summary ALLETE, Inc. Reports Third Quarter Earnings; Expects 2022 Earnings Near Mid-Point of $3.60 - $3.90 Per Share Range
DULUTH, Minn. --(BUSINESS WIRE)--Nov. 9, 2022-- ALLETE, Inc. (NYSE: ALE) today reported third quarter 2022 earnings of 59 cents per share on net income of $33.7 million . Last year’s results were 53 cents per share on net income of $27.6 million . Quarter over quarter results reflect higher net
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Toggle Summary ALLETE Board of Directors declares dividend on common stock
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 28, 2022-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 65 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.60 per share, unchanged from the previous quarter.
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Toggle Summary ALLETE to announce third quarter financial results Nov. 9
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 7, 2022-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Wednesday, Nov. 9, 2022 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
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Toggle Summary Leadership Roles Change as ALLETE Positions for Continued Success
DULUTH, Minn. --(BUSINESS WIRE)--Aug. 22, 2022-- ALLETE Inc. (NYSE:ALE) today announced several key leadership changes as the company continues to advance its sustainability in action strategy. This press release features multimedia. View the full release here:
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Toggle Summary ALLETE, Inc. Reports Second Quarter Earnings of 67 Cents Per Share, Reaffirms 2022 Earnings Guidance Range of $3.60 - $3.90 Per Share
DULUTH, Minn. --(BUSINESS WIRE)--Aug. 3, 2022-- ALLETE, Inc. (NYSE: ALE) today reported second quarter 2022 earnings of 67 cents per share on net income of $37.6 million . Last year’s results were 53 cents per share on net income of $27.9 million . Included in this year’s quarterly results were
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Toggle Summary ALLETE Board of Directors declares dividend on common stock
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 28, 2022-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 65 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.60 per share, unchanged from the previous quarter.
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Toggle Summary Minnesota Power and Great River Energy to Build Transmission Line to Bolster Electric Reliability in Northern Minnesota
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 25, 2022-- Minnesota Power , a utility division of ALLETE Inc. (NYSE: ALE), and Great River Energy today announced their intent to build an approximately 150-mile, double-circuit 345-kV transmission line from northern Minnesota to central Minnesota near Becker
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Toggle Summary ALLETE to Announce Second Quarter Financial Results August 3
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 11, 2022-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Wednesday, August 3, 2022 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
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Toggle Summary Charles Matthews Named to ALLETE Board of Directors
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 6, 2022-- ALLETE Inc.’s (NYSE: ALE) board of directors has elected Charles Matthews , retired president and chief executive officer of People’s Gas and North Shore Gas , to serve on the board effective July 6, 2022 . This press release features multimedia.
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