News Releases

Date Title and Summary Additional Formats
Toggle Summary ALLETE CEO Says Diversification Fuels Growth Outlook at Annual Meeting of Shareholders
DULUTH, Minn. --(BUSINESS WIRE)--May 8, 2018-- ALLETE Inc. (NYSE:ALE) is evolving into a renewable energy powerhouse while also growing its businesses and increasing its earnings outlook, Chairman, President and CEO Al Hodnik told investors today at the Duluth -based energy company’s 2018 annual
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Toggle Summary ALLETE Honored for Advancing Women in Leadership Roles
DULUTH, Minn. --(BUSINESS WIRE)--May 7, 2018-- ALLETE Inc. (NYSE:ALE) recently received state and national recognition for its success in advancing women in corporate leadership roles. The 2017 Minnesota Census of Women in Corporate Leadership, produced by St. Catherine University in St.
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Toggle Summary ALLETE, Inc. Reports First Quarter 2018 Earnings of 99 Cents Per Share
DULUTH, Minn. --(BUSINESS WIRE)--May 2, 2018-- ALLETE, Inc. (NYSE: ALE) today reported first quarter 2018 earnings of 99 cents per share on net income of $51.0 million and operating revenue of $358.2 million . Last year’s results were 97 cents per share on net income of $49.0 million and operating
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Toggle Summary ALLETE Board of Directors Declares Dividend on Common Stock
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 25, 2018-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 56 cents per share of common stock. On an annual basis the dividend is equivalent to $2.24 per share, unchanged from the previous quarter.
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Toggle Summary ALLETE to Announce First Quarter Financial Results on May 2
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 4, 2018-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Wednesday, May 2, 2018 . Following the release, ALLETE Chairman, Chief Executive Officer and President Alan R.
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Toggle Summary ALLETE Clean Energy to Build Montana Wind Energy Facility to Supply Electricity to NorthWestern Energy under Power Sale Agreement
Project will expand wind portfolio to more than 700 megawatts across six states DULUTH, Minn. --(BUSINESS WIRE)--Mar. 15, 2018-- ALLETE Clean Energy, a wholly-owned subsidiary of ALLETE Inc. (NYSE: ALE), announced today it will construct, own and operate an 80-megawatt wind energy facility near
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Toggle Summary ALLETE Clean Energy to Sell Phase II of Thunder Spirit Wind Farm to Montana-Dakota Utilities
Sale will deliver low-cost renewable energy to MDU customers DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE Clean Energy, a wholly-owned subsidiary of ALLETE Inc. ( NYSE : ALE), today announced its plan to sell the 48-megawatt phase two of the Thunder Spirit wind farm near Hettinger, North Dakota to
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Toggle Summary ALLETE, Inc. Reports 2017 Earnings of $3.38 Per Share; Initiates 2018 Earnings Guidance; Expects Significant Growth from Non-Regulated Businesses
DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE, Inc. ( NYSE : ALE) today reported 2017 earnings of $3.38 per share on net income of $172 .2 million and operating revenue of $1.42 billion . Results from 2016 were $3.14 per share on net income of $155 .3 million and operating revenue of $1.34 billion .
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Toggle Summary ALLETE Board of Directors Raises Quarterly Common Stock Dividend and Long-Term Growth Outlook
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 56 cents per share, an increase of 4.7 percent. "This increase is supported by ALLETE's solid financial position and positions
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Toggle Summary ALLETE Clean Energy Earns Yellow Ribbon Designation
Company recognized for supporting veterans, service members and their families DULUTH, Minn. --(BUSINESS WIRE)-- As Veterans Day approaches, ALLETE Clean Energy, an ALLETE Inc. ( NYSE : ALE) company, is proud to announce it has earned a Yellow Ribbon designation from the state of Minnesota .
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