News Releases

 
News Releases
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Feb 15, 2018
DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported 2017 earnings of $3.38 per share on net income of $172.2 million and operating revenue of $1.42 billion. Results from 2016 were $3.14 per share on net income of $155.3 million and operating revenue of $1.34 billion. ...
Jan 24, 2018
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 p...
Jan 17, 2018
DULUTH, Minn.--(BUSINESS WIRE)-- Third paragraph, second sentence should read: With refurbishment efforts already underway in Minnesota and Iowa, and an expansion wind project with Montana-Dakota Utilities (MDU) in North Dakota, 2018 will be an active construction year for ALLETE Clean Energy. (instead of With ...
Jan 16, 2018
DULUTH, Minn.--(BUSINESS WIRE)-- Susan K. Nestegard, a member of the board of directors for Hormel Foods, has been elected to the ALLETE Inc. (NYSE:ALE) board of directors. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180116005530/en/ ...
Jan 15, 2018
DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for 2017 before the stock markets open on Thursday, February 15, 2018. Following the release, ALLETE Chairman, President and Chief Executive Officer Alan R. Hodnik, Senior Vice President and Chief Financia...
Nov 10, 2017
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 Minne...
Nov 1, 2017
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 of $349.6 million. Res...
Oct 25, 2017
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. The regular qu...
Oct 3, 2017
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. Hodnik, Senior Vice Presid...
Sep 8, 2017
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 U.S. ...
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