DULUTH, Minn. --(BUSINESS WIRE)--Nov. 15, 2023-- Minnesota Power , a utility division of ALLETE Inc. (NYSE: ALE), took an important step in advancing its EnergyForward vision for 100% carbon-free energy with the issuance of a Request for Proposals (RFP) for up to 300 megawatts of regional solar
DULUTH, Minn. --(BUSINESS WIRE)--Nov. 2, 2023-- ALLETE, Inc. (NYSE: ALE) today reported third quarter 2023 earnings of $1.49 per share on net income of $85.9 million . Last year’s third quarter results were 59 cents per share on net income of $33.7 million .
Duluth, Minn. — As Minnesota Power continues the transition to a reliable, resilient clean-energy future through its EnergyForward strategy, today the company is filing its 2024 electric rate proposal with the Minnesota Public Utilities Commission (MPUC). The 2024 proposal supports the investments that the company is making to continue to advance a clean-energy transition for the region and the state.
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 27, 2023-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 67.75 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.71 per share, unchanged from the previous quarter.
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 18, 2023-- The U.S. Department of Energy today awarded a $50 million grant to Minnesota Power to modernize its high-voltage direct current (HVDC) transmission system so it is ready to expand to meet future energy needs while increasing the reliability and
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 5, 2023-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Thursday, November 2, 2023 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
DULUTH, Minn. --(BUSINESS WIRE)--Aug. 8, 2023-- ALLETE, Inc. (NYSE: ALE) today reported second quarter 2023 earnings of 90 cents per share on net income of $51.5 million . Last year’s second quarter results were 67 cents per share on net income of $37.6 million .
DULUTH, Minn. --(BUSINESS WIRE)--Aug. 4, 2023-- Minnesota Power and Great River Energy today are filing an application for a Certificate of Need and Route Permit from the Minnesota Public Utilities Commission (MPUC) to build a high-voltage transmission line to bolster electric reliability in
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 31, 2023-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 67.75 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.71 per share, unchanged from the previous quarter.
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 25, 2023-- ALLETE Clean Energy , a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), has entered a new customer segment after signing a 5-year power purchase agreement (PPA) to sell wind power to Seattle City Light , the company’s first municipal customer.