News Releases

Date Title and Summary Additional Formats
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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Toggle Summary ALLETE, Inc. Reports Third Quarter Results; Reaffirms 2017 Earnings Guidance
DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE, Inc. ( NYSE : ALE) today reported third quarter 2017 earnings of 88 cents per share on net income of $44 .9 million and operating revenue of $362.5 million . Last year's results were 81 cents per share on net income of $40 .3 million and operating revenue
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Toggle Summary ALLETE Board of Directors Declares Dividend on Common Stock
DULUTH, Minn. --(BUSINESS WIRE)-- The ALLETE, Inc. ( NYSE : ALE) board of directors has declared a quarterly dividend of 53.5 cents per share of common stock. On an annual basis the dividend is equivalent to $2.14 per share, unchanged from the previous quarter.
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Toggle Summary ALLETE to Announce Third Quarter Financial Results on November 1
DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Wednesday, November 1, 2017 . Following the release, ALLETE Chairman, Chief Executive Officer and President Alan R.
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Toggle Summary ALLETE Subsidiary U.S. Water Acquires Tonka Water, a Minnesota-Based Supplier of Water Treatment Systems
DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE Inc. ( NYSE : ALE) announced today that its wholly owned subsidiary U.S. Water Services has purchased Tonka Water , a major supplier of municipal and industrial water treatment systems. The addition of Tonka Water , based in Plymouth, Minnesota , expands
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Toggle Summary Robert P. Powers Named to ALLETE Board of Directors
DULUTH, Minn. --(BUSINESS WIRE)-- Robert P. Powers , recently retired vice chairman of American Electric Power (AEP), has joined ALLETE Inc.'s ( NYSE : ALE) board of directors. He was elected by the board August 23, 2017 . This Smart News Release features multimedia.
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Toggle Summary ALLETE Clean Energy Announces $80 Million Turbine Refurbishment Initiative
Project will enhance turbine performance and reliability, generate tax credits DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE Clean Energy, a wholly-owned subsidiary of ALLETE Inc. ( NYSE : ALE), today announced a strategic initiative to refurbish 385 wind turbines at three wind farms in Minnesota and
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Toggle Summary ALLETE, Inc. Reports Strong Second Quarter 2017 Earnings
DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE, Inc. ( NYSE : ALE) today reported second quarter 2017 earnings of 72 cents per share on net income of $36 .9 million and operating revenue of $353.3 million . Last year's results were 50 cents per share on net income of $24 .8 million and operating revenue
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Toggle Summary ALLETE Board of Directors Declares Dividend on Common Stock
DULUTH, Minn. --(BUSINESS WIRE)-- The ALLETE, Inc. ( NYSE : ALE) board of directors has declared a quarterly dividend of 53.5 cents per share of common stock. On an annual basis the dividend is equivalent to $2.14 per share, unchanged from the previous quarter.
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