News Releases

 
News Releases
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Mar 8, 2004
DULUTH, Minn.--ALLETE, Inc. (NYSE:ALE) will hold a conference call on Friday, March 12, 2004 beginning at 10:00 a.m. Eastern time. Interested parties may listen to the conference by calling (913) 981-5547 or by listening to a Webcast on ALLETE's Web site at www.allete.com. ALLETE Chairman David Gartzk...
Jan 30, 2004
ALLETE 2003 Earnings From Continuing Operations Increase 18 PercentALLETE 2003 Earnings From Continuing Operations Increase 18 PercentDULUTH, Minn.-- ALLETE, Inc. (NYSE: ALE) today reported 2003 earnings of $2.84 per share, compared with $1.68 per share in 2002, ...
Jan 26, 2004
DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) announced that its Board of Directors has named Donald J. Shippar President and Chief Executive Officer of ALLETE. He will have responsibility for all non-automotive operations at ALLETE. Shippar previously was Executive Vice President of ALLETE, and President of Minnesota Power. David G. Gartzke remains Chai...
Jan 22, 2004
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 share, unchanged from the previous quarter. The regular quarterly div...
Jan 21, 2004
DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) announced today that it will release its financial results for 2003 before the market opens on Friday, January 30, 2004. A conference call will be scheduled for a later date at which time the company intends to provide details about the separation of ADESA, ALLETE's automotive services business, into a pub...
Jan 6, 2004
DULUTH, Minn.--ALLETE, Inc. (NYSE:ALE) announced that Cameron Hitchcock has been named chief financial officer of Indianapolis-based ADESA, which ALLETE intends to spin-off into a publicly traded company by mid-2004. ADESA will include all of ALLETE's Automotive Services businesses including Automotive Finance Corporation and ADESA Impact, a tot...
Dec 5, 2003
DULUTH, Minn.--With the closing of two transactions today, ALLETE, Inc. (NYSE: ALE) announced it has substantially completed the sale of its Water Services businesses. ALLETE subsidiary Florida Water Services Corporation closed today on the sale of its water and wastewater systems serving Lee County and Citrus County, Florida. The systems were s...
Nov 21, 2003
DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) announced today that its subsidiary, ALLETE Water Services, has agreed to sell its water and wastewater systems of North Carolina-based Heater Utilities, Inc. to Philadelphia Suburban Corporation (NYSE: PSC). The stock purchase agreement includes a $48 million cash payment to ALLETE Water Services and the ...
Nov 18, 2003
November 18, 2003 DULUTH, Minn.-- ALLETE, Inc. (NYSE: ALE) today announced the redemption by ALLETE Capital I of all $75 million aggregate liquidation amount of the 8.05% Cumulative Quarterly Income Preferred Securities (QUIPS) of ALLETE Capital I at a redemption price equal to $25 per QUIPS plus accumulated and unpaid distributions to t...
Nov 13, 2003
DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) announced today that its subsidiary, Florida Water Services Corporation, closed on the sale of its water and wastewater system serving Osceola County, Florida. The system has been sold to a local governmental authority for approximately $38 million. Florida Water Services has been in the process of...
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