News Releases

 
News Releases
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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 ...
Oct 28, 2016
DULUTH, Minn.--(BUSINESS WIRE)-- The ALLETE, Inc. (NYSE: ALE) board of directors has declared a quarterly dividend of 52 cents per share of common stock. On an annual basis the dividend is equivalent to $2.08 per share, unchanged from the previous quarter. The regular quar...
Oct 25, 2016
DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE:ALE) Chief Risk Officer and Senior Vice President of Energy-Centric Businesses Bob Adams has been promoted to ALLETE Chief Financial Officer effective March 4, 2017. He will replace current CFO Steve DeVinck, who recently announced his intention to retire in the...
Oct 19, 2016
DULUTH, Minn.--(BUSINESS WIRE)-- Minnesota Power today announced it will retire two small coal-fired generators at its Boswell Energy Center in Cohasset, Minn., by the end of 2018. It is the latest step in the company's EnergyForward plan to meet customer electric-service needs in a balanced, reliable and ...
Oct 11, 2016
DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE (NYSE: ALE) announced today that Minnesota Power has reached a five-year agreement to supply electricity to U.S. Steel through at least December 2021. The largest taconite producer on Minnesota's Iron Range, U.S. Steel owns the Minntac and Keetac ta...
Oct 6, 2016
DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Friday, November 4, 2016. Following the release, ALLETE Chairman, Chief Executive Officer and President Alan R. Hodnik, and Chief Financial Officer St...
Sep 26, 2016
DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE (NYSE:ALE) today announced the planned retirement of Chief Financial Officer Steve DeVinck. As part of a planned orderly transition, DeVinck will remain at the company until spring 2017. DeVinck joined ALLETE in 1997 after fourteen years with the U.S. ...
Aug 3, 2016
DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported second quarter 2016 earnings of 50 cents per share on net income of $24.8 million and operating revenue of $314.8 million. Last year's results were 46 cents per share on net income of $22.5 million and operating revenue of $323.3 million, an...
Jul 28, 2016
DULUTH, Minn.--(BUSINESS WIRE)-- The ALLETE, Inc. (NYSE: ALE) board of directors has declared a quarterly dividend of 52 cents per share of common stock. On an annual basis the dividend is equivalent to $2.08 per share, unchanged from the previous quarter. The regular quar...
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