DULUTH, Minn. --(BUSINESS WIRE)--Oct. 18, 2023-- The U.S. Department of Energy today awarded a $50 million grant to Minnesota Power to modernize its high-voltage direct current (HVDC) transmission system so it is ready to expand to meet future energy needs while increasing the reliability and
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 5, 2023-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Thursday, November 2, 2023 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
DULUTH, Minn. --(BUSINESS WIRE)--Aug. 8, 2023-- ALLETE, Inc. (NYSE: ALE) today reported second quarter 2023 earnings of 90 cents per share on net income of $51.5 million . Last year’s second quarter results were 67 cents per share on net income of $37.6 million .
DULUTH, Minn. --(BUSINESS WIRE)--Aug. 4, 2023-- Minnesota Power and Great River Energy today are filing an application for a Certificate of Need and Route Permit from the Minnesota Public Utilities Commission (MPUC) to build a high-voltage transmission line to bolster electric reliability in
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 31, 2023-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 67.75 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.71 per share, unchanged from the previous quarter.
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 25, 2023-- ALLETE Clean Energy , a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), has entered a new customer segment after signing a 5-year power purchase agreement (PPA) to sell wind power to Seattle City Light , the company’s first municipal customer.
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 7, 2023-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Tuesday, August 8, 2023 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
DULUTH, Minn. --(BUSINESS WIRE)--Jun. 1, 2023-- To help ensure a reliable and resilient grid that can expand in the future, Minnesota Power this week outlined planned upgrades to its high-voltage, direct-current (HVDC) transmission system that delivers renewable wind energy from its Bison Wind
CEO describes clean energy, transmission projects at annual shareholder meeting DULUTH, Minn. --(BUSINESS WIRE)--May 9, 2023-- With momentum on its side, ALLETE Inc.’s (NYSE:ALE) sustainability-in-action strategy is securing the company’s place as a national leader in the transition to a
Reaffirms 2023 earnings guidance range of $3.55 to $3.85 per share DULUTH, Minn. --(BUSINESS WIRE)--May 3, 2023-- ALLETE, Inc. (NYSE: ALE) today reported first quarter 2023 earnings of $1.02 per share on net income of $58.2 million . Last year’s first quarter results were $1.24 per share on net