News Releases

 
News Releases
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Oct 24, 2003
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 ...
Oct 24, 2003
Automotive Earnings Growth Highlights ALLETE's Third-Quarter ResultsAutomotive Earnings Growth Highlights ALLETE's Third-Quarter ResultsDULUTH, Minn.--Bolstered by a strong showing from its Automotive Services businesses, ALLETE, Inc. (NYSE:ALE) today reported th...
Oct 24, 2003
DULUTH, Minn. - ALLETE, Inc. (NYSE: ALE) announced today that its Board of Directors has approved a plan to spin-off its automotive services business which will become a publicly traded company to be named ADESA Corporation. The spin-off is expected to take the form of a tax-free stock dividend to ALLETE's shareholders who will receive one ADESA...
Oct 15, 2003
DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) announced today that its subsidiary, Florida Water Services Corporation, has sold its water and wastewater system serving Duval County, Florida to the Jacksonville Electric Authority for approximately $25 million, pending regulatory approval. Florida Water Services, the largest investor-owned utili...
Oct 9, 2003
DULUTH, Minn.--ALLETE, Inc. (NYSE:ALE) will announce its financial results for the quarter ended September 30, 2003 before the financial markets open on Friday, October 24, 2003. Following the release, ALLETE Chairman, President and CEO David Gartzke and Chief Financial Officer James Vizanko will present an overview of results and other ...
Sep 15, 2003
DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) announced today that its subsidiary, Florida Water Services Corporation, has closed on a sale, by condemnation, of its water and wastewater system serving Marion County, Florida. The system has been sold to Marion County for approximately $22 million. Florida Water Services, the largest investor...
Sep 10, 2003
September 10, 2003 DULUTH, Minn.-- ALLETE, Inc. (NYSE: ALE) announced today that Cheryl Munce has been named president of ADESA Impact, ALLETE's total loss vehicle remarketing company based in Indianapolis. Munce is currently president of ADESA Impact's sister company in Canada, Impact Canada. She succeeds Warren Byrd, who will assist du...
Sep 4, 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 Hillsborough County, Florida. The system has been sold to Hillsborough County for approximately $15 million. Florida Water Services, the largest investor-owned ...
Aug 18, 2003
DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) announced today that its subsidiary, Florida Water Services Corporation, has agreed to sell its water and wastewater system serving Deltona, Florida to the city of Deltona for $59.5 million. Florida Water Services will realize an after-tax gain of approximately $20 million and expects to close on the sale by ...
Jul 24, 2003
July 24, 2003 DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) announced today that its subsidiary, Florida Water Services Corporation, has agreed to sell seven of its Florida water and wastewater systems to governmental entities in Florida for $296 million payable at closing, resulting in an after-tax gain of $55 million. The sale is expected to...
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