ALLETE, Inc. Board Elects Two New Directors DULUTH, Minn.—ALLETE, Inc. (NYSE: ALE) today announced the election of Dennis Green and Deborah Weinstein to its board of directors, effective June 1. Green, 62, is a Certified Public Accountant and former chief auditor at Citicorp and its principal
ALLETE Declares Dividend on Common Stock DULUTH, Minn.— ALLETE’s (NYSE: ALE) Board of Directors has declared a quarterly dividend on the company’s common stock. A dividend of 28.25 cents per share of common stock was declared by the board. On an annual basis the dividend is equivalent to $1.13 per
ALLETE Reports Solid First Quarter Earnings DULUTH, Minn.—ALLETE, Inc. (NYSE: ALE) today reported first quarter 2003 earnings of 54 cents per share, compared with 44 cents per share reported for the first quarter a year ago. Net income was $44.3 million on revenue of $422.9 million compared with
ALLETE Schedules First-Quarter Earnings Release and Conference Call DULUTH, Minn.-ALLETE, Inc. (NYSE:ALE) will announce its financial results for the quarter ended March 31, 2003 before the market opens on Friday, April 25, 2003. Following the release, ALLETE Chairman, President and CEO David
Florida Water Services Sale Update; ALLETE Reaffirms Strategic Review (DULUTH, Minn.)—ALLETE, Inc. (NYSE:ALE) announced that a Florida court ruling, issued today, will delay the sale of assets of its water services business, Florida Water Services Corporation (Florida Water) to the Florida Water
Florida Water Services Sale Update (DULUTH, Minn.)--ALLETE, Inc. (NYSE: ALE) announced that two Florida courts have taken favorable actions in proceedings related to the proposed sale by ALLETE subsidiary, Florida Water Services Corporation (Florida Water), of its assets to the Florida Water
ALLETE Increases Dividend on Common Stock DULUTH, Minn.—ALLETE’s (NYSE: ALE) board of directors has declared an increase to its quarterly dividend on the company’s common stock. A dividend of 28.25 cents per share of common stock was declared by the board.
ALLETE Reports 2002 Earnings, 2003 Expectations (DULUTH, Minn.)—ALLETE, Inc. (NYSE: ALE) today reported 2002 earnings of $1.68 per share, compared with earnings of $1.81 in 2001. Excluding one-time events, earnings were $1.80 per share in 2002 and $1.87 in 2001.
ALLETE Schedules Fourth Quarter Earnings Release And Conference Call DULUTH, MN – ALLETE, Inc. (NYSE:ALE) will announce its financial results for 2002 and for the quarter ended December 31, 2002 before the market opens on Friday, January 24, 2003. Following the release, ALLETE President David
Edwards Announces Retirement Plans (Duluth, Minn.) — Robert D. Edwards, chief executive officer of Minnesota Power and executive vice president of ALLETE, Inc. (NYSE:ALE) today announced that consistent with his personal and company succession plans, he will retire effective May 31, 2003. Donald J.