News Releases

Date Title and Summary Additional Formats
Toggle Summary ALLETE CEO Describes Growing North American Footprint at Annual Meeting of Shareholders
DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE Inc. (NYSE:ALE) has significantly expanded its North American footprint while continuing to focus on providing sustainable energy and water solutions, company investors heard today at the Duluth -based energy company's 2017 Annual Meeting of Shareholders.
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Toggle Summary ALLETE, Inc. Reports Higher First Quarter 2017 Earnings
DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE, Inc. ( NYSE : ALE) today reported first quarter 2017 earnings of 97 cents per share on net income of $49 .0 million and operating revenue of $365.6 million . Last year's results were 93 cents per share on net income of $45.9 million and operating revenue of
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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 First Quarter Financial Results on May 4
DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 4, 2017 . Following the release, ALLETE Chairman, Chief Executive Officer and President Alan R.
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Toggle Summary ALLETE Clean Energy, Xcel Energy Sign 100 MW Power Purchase Agreement for New North Dakota Wind Farm
Project will expand ACE wind portfolio to 640 MW across five states DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE Clean Energy, a wholly-owned subsidiary of ALLETE Inc. ( NYSE : ALE), today announced its plan to build, own and operate a 100-megawatt wind farm in Morton and Mercer counties in North
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Toggle Summary Bob Adams to Assume Position of ALLETE Chief Financial Officer
DULUTH, Minn. --(BUSINESS WIRE)-- Bob Adams assumes the role of Chief Financial Officer for ALLETE Inc. (NYSE:ALE) effective March 4, 2017 . He succeeds Steve DeVinck , who last fall announced his plan to retire in the spring of 2017. "I've been very pleased by the thoughtful handoff between these
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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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