ALLETE has entered an agreement to be acquired by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners and start the process to become a private company. Learn more at www.ALLETEforward.com.
North Plains Connector will link three regional energy markets DULUTH, Minn. --(BUSINESS WIRE)--Dec. 21, 2023-- ALLETE, Inc. (NYSE:ALE) and North Plains Connector LLC , a subsidiary of Grid United LLC , this week signed development agreements for the North Plains Connector project, a new,
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 26, 2024-- ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to $0.705 per share, a 4.1% percent increase. “This dividend increase reflects the ALLETE Board of Directors’
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 7, 2024-- ALLETE Inc. (NYSE:ALE) will announce its financial results for 2023 before the stock markets open on Tuesday, February 20, 2024 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 15, 2024-- Minnesota Power , a utility division of ALLETE Inc. (NYSE: ALE), has issued a Request for Proposals (RFP) for up to 400 megawatts of wind energy to come online by the end of 2027, an important milestone in advancing its Energy Forward vision for
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 20, 2024-- ALLETE, Inc. (NYSE: ALE) today reported 2023 earnings of $4.30 per share on net income of $247.1 million and operating revenue of $1.9 billion . Reported results from 2022 were $3.38 per share on net income of $189.3 million and operating revenue of
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 12, 2024-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 9, 2024 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 16, 2024-- ALLETE, Inc. (NYSE:ALE) has been named an Honor Roll company of Special Distinction in an annual report on gender diversity in the executive ranks and on the boards of directors of the largest publicly traded companies in Minnesota . St.
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 25, 2024-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 70.50 cents per share of common stock. On an annual basis the dividend is equivalent to $2.82 per share, unchanged from the previous quarter.
DULUTH, Minn. --(BUSINESS WIRE)--May 3, 2024-- Minnesota Power , a utility division of ALLETE Inc. (NYSE: ALE), has reached a settlement agreement on its 2024 electric rate proposal with the Minnesota Department of Commerce , Minnesota Attorney General’s Office and Large Power Intervenors.
Positions ALLETE to Execute Clean-Energy Future for Customers, Communities and Employees as a Private Company ALLETE to Remain Locally Managed and Operated with Headquarters in Duluth, Minnesota Agreement Contains Meaningful Commitments to Retain ALLETE’s Workforce and Maintain Compensation Levels