News Releases

Date Title and Summary Additional Formats
Toggle Summary Minnesota Power Asks Regulators to Consider a Reduced Rate Request
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
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Toggle Summary ALLETE, Inc. Reports 2016 Earnings of $3.14 Per Share
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 .
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Toggle Summary ALLETE Board of Directors Raises Quarterly Common Stock Dividend
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
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Toggle Summary ALLETE Names LaMarr Barnes U.S. Water Services CEO
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.
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Toggle Summary ALLETE to Announce 2016 Financial Results on February 15
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.
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Toggle Summary ALLETE Clean Energy plans expansion of North Dakota wind farm
25-year power purchase agreement with Montana-Dakota Utilities includes sale option
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Toggle Summary Minnesota Regulators Set Interim Electricity Rates for Minnesota Power
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
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Toggle Summary ALLETE Subsidiary Strengthens Presence in Southwestern U.S. Water Market with Acquisition
DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE Inc. ( NYSE : ALE) announced today that its wholly owned subsidiary U.S. Water Services has purchased Water & Energy Systems Technology (WEST) Inc. WEST, based in Southern California , provides specialty chemicals and engineering services for water treatment
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Toggle Summary Presidential Permit Paves Way for Minnesota Power's Great Northern Transmission Line to Deliver Canadian Hydropower to Customers
Project will reduce carbon emissions and advance company's EnergyForward strategy DULUTH, Minn. --(BUSINESS WIRE)-- Minnesota Power's Great Northern Transmission Line received federal approval today when the U.S. Department of Energy (DOE) issued a Presidential Permit, clearing the way for building
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Toggle Summary ALLETE, Inc. Reports Third Quarter 2016 Earnings
  ALLETE, INC. REPORTS THIRD QUARTER 2016 EARNINGS DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. ( NYSE : ALE) today reported third quarter 2016 earnings of 81 cents per share on net income of $40.3 million and operating revenue of $349.6 million . Last year's results were $1.23 per share on
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