News Releases

 
News Releases
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Feb 15, 2017
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. Operating revenue in 2015...
Jan 25, 2017
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 c...
Jan 16, 2017
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 c...
Jan 11, 2017
DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for 2016 before the stock markets open on Wednesday, February 15, 2017. Following the release, ALLETE Chairman, President and Chief Executive Officer Alan R. Hodnik, Chief Financial Officer Steven Q. DeVin...
Jan 3, 2017
January 3,2017 Duluth, Minn.— ALLETE Clean Energy, a wholly-owned subsidiary of ALLETE, Inc. (NYSE: ALE), today announced its plan to work with Montana-Dakota Utilities (MDU) to expand the Thunder Spirit wind farm in North Dakota, reaching the 150-megawatt permitted capacity of the facility ALLETE Clean Energy developed in 2014 and 2015. ALL...
Dec 15, 2016
An amended request and reduction in the Renewable Resources Rider means many customers will see only a small increase in January bills DULUTH, Minn.--(BUSINESS WIRE)-- The Minnesota Public Utilities Commission (MPUC) today approved an interim rate increase of 5.6 percent for Minnesota Power ...
Nov 18, 2016
DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE Inc. (NYSE: ALE) announced today that its wholly owned subsidiary U.S. Water Services has purchased Water & Energy Systems Technology (WEST) Inc. WEST, based in Southern California, provides specialty chemicals and engineering services for water tre...
Nov 16, 2016
Project will reduce carbon emissions and advance company's EnergyForward strategy DULUTH, Minn.--(BUSINESS WIRE)-- Minnesota Power's Great Northern Transmission Line received federal approval today when the U.S. Department of Energy (DOE) issued a Presidential Permit, clearing the w...
Nov 4, 2016
DULUTH, Minn.--(BUSINESS WIRE)-- Fourth paragraph of the release should read: On November 2, 2016, Minnesota Power filed a retail rate increase request with the MPUC seeking an interim rate increase of approximately $49 million in additional revenue, with a final rate increase request of approximately $5...
Nov 2, 2016
EnergyForward investments in reliable, safe and cleaner power are transforming the energy system that serves customers DULUTH, Minn.--(BUSINESS WIRE)-- Minnesota Power, a utility division of ALLETE (NYSE:ALE), today filed a rate review request with the Minnesota Public Utilities Commission ...
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