News Releases

 
News Releases
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Feb 18, 2016
DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported 2015 earnings of $2.92 per share on net income of $141.1 million and operating revenue of $1.49 billion. Earnings for 2014 were $2.90 per share on net income of $124.8 million and operating revenue of $1.14 billion. ...
Jan 22, 2016
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 52 cents per share, an increase of 3 percent. "This increase is supported by ALLETE's solid financial position and con...
Jan 15, 2016
DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for 2015 before the stock markets open on Thursday, February 18, 2016. Following the release, ALLETE Chairman, President and Chief Executive Officer Alan R. Hodnik and Chief Financial Officer Steven Q. DeV...
Nov 5, 2015
DULUTH, Minn.--(BUSINESS WIRE)-- Patrick L. Cutshall, director-Investments and Tax, has been named treasurer of ALLETE Inc. (NYSE:ALE) by the Duluth-based company's board of directors, effective Jan. 1, 2016. Cutshall will succeed ALLETE Treasurer Donald W. Stellmaker, who recently announced his plans to ...
Nov 3, 2015
Full-year earnings guidance increased to $3.35-$3.50 per share DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE:ALE) today reported third quarter 2015 earnings of $1.23 per share on net income of $60.4 million and operating revenue of $462.5 million. Earnings for the third quarter of 2014...
Nov 2, 2015
DULUTH, Minn.--(BUSINESS WIRE)-- The ALLETE, Inc. (NYSE: ALE) board of directors has declared a quarterly dividend of 50.5 cents per share of common stock. On an annual basis the dividend is equivalent to $2.02 per share, unchanged from the previous quarter. The regular qu...
Oct 6, 2015
DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Tuesday, November 3, 2015. Following the release, ALLETE Chairman, Chief Executive Officer and President Alan R. Hodnik, and Chief Financial Officer S...
Oct 1, 2015
DULUTH, Minn. - ALLETE, Inc. (NYSE:ALE) today announced the planned retirement of ALLETE Vice President and Treasurer Donald W. Stellmaker. As part of an orderly transition, Stellmaker will remain at the company through the end of 2015. "Don has left a legacy of financial discipline and strength to the organization through his leader...
Aug 25, 2015
HETTINGER, N.D. - Community members curious about the Thunder Spirit wind farm joined government representatives, utility executives and contractors today to literally "sign on" to the 107-megawatt renewable energy project now under construction by ALLETE Clean Energy (ACE). ACE, a wholly-owned subsidiary of ALLETE, Inc. (NYSE:ALE), is i...
Aug 4, 2015
DULUTH, Minn. - ALLETE, Inc. (NYSE: ALE) today reported second quarter 2015 earnings of 46 cents per share on net income of $22.5 million and operating revenue of $323.3 million. Earnings for the second quarter of 2014 were 40 cents per share on net income of $16.8 million and operating revenue of $260.7 million. This year's results included a...
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