News Releases

 
News Releases
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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...
Nov 6, 2003
DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) announced today that its subsidiary, Florida Water Services Corporation, received approximately $145 million from the communities of Marco Island and Deltona for the sale under threat of condemnation of Florida Water's water and wastewater systems serving those communities in Florida. Florida Water...
Oct 31, 2003
DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) announced today that its subsidiary, Florida Water Services Corporation, has received approximately $36 million pursuant to final judgement in a condemnation action through which Hernando County took ownership of Florida Water's water and wastewater system serving Hernando County, Florida. Florida ...
Oct 30, 2003
DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) announced today that its subsidiary, Florida Water Services Corporation, has closed on the sale of its water and wastewater system serving Palm Coast, Florida to the city of Palm Coast for approximately $83 million. Florida Water announced it had reached an agreement on the sale of the system July 24, 2003. ...
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