ALLETE, Inc.
ALLETE has been acquired by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners and is now a private company.

Cost Basis Information

Effective January 2011, changes in IRS cost basis reporting rules require transfer agents and brokers to provide shareholders with actual cost basis information. The new requirements are designed to help capture accurate reporting of shareholders' gains and losses at tax time. However, the IRS rule only applies to shares purchased through direct stock purchase plans after January 1, 2011. These shares are referred to as "covered" shares. When you sell "covered" shares, your cost basis information will be reported on Form 1099-B. Shares purchased pre-2011, are referred to as "uncovered" shares. To calculate the cost basis for "uncovered" shares, you will need to refer to your Account Summaries. 
 

Request Pre-2011 Account Summaries


 

 Need help calculating your cost basis information?
 Netbasis may be able to help. 

Netbasis is a shareholder paid service that ALLETE shareholders can utilize in calculating 
their adjusted cost basis.  For more information go to netbasis.com/allete.