ALLETE has entered an agreement to be acquired by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners and start the process to become a private company. Learn more at www.ALLETEforward.com.
ALLETE continues to expect transaction to close in mid-2025 DULUTH, Minn. --(BUSINESS WIRE)--Aug. 21, 2024-- ALLETE, Inc. (NYSE: ALE) announced that its shareholders voted today to approve the company’s proposed transaction with Canada Pension Plan Investment Board (CPP Investments) and Global
DULUTH, Minn. --(BUSINESS WIRE)--Aug. 6, 2024-- ALLETE (NYSE:ALE), a co-developer of the North Plains Connector transmission project, applauds the U.S. Department of Energy for its support of the Montana Department of Commerce Grid Resilience and Innovation Partnership application and for the
DULUTH, Minn. --(BUSINESS WIRE)--Aug. 1, 2024-- ALLETE, Inc. (NYSE: ALE) today reported second quarter 2024 earnings of 57 cents per share on net income of $33.0 million . Last year’s second quarter results were 90 cents per share on net income of $51.5 million .
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 25, 2024-- First paragraph, first sentence of release dated July 25, 2024 should read: The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 70.5 cents per share of common stock (instead of The ALLETE, Inc.
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 15, 2024-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Thursday, August 1, 2024 . ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota .
The North Plains Connector transmission line will more than double the transfer capacity between the eastern and western U.S. electric grids, providing PGE access to new, diverse resources and bolstering reliability for customers. PORTLAND, Ore. , May 28, 2024 /PRNewswire/ -- Portland General
DULUTH, Minn. --(BUSINESS WIRE)--May 9, 2024-- ALLETE, Inc. (NYSE: ALE) today reported first quarter 2024 earnings of 88 cents per share on net income of $50.7 million . Last year’s first quarter results were $1.02 per share on net income of $58.2 million .
Positions ALLETE to Execute Clean-Energy Future for Customers, Communities and Employees as a Private Company ALLETE to Remain Locally Managed and Operated with Headquarters in Duluth, Minnesota Agreement Contains Meaningful Commitments to Retain ALLETE’s Workforce and Maintain Compensation Levels
DULUTH, Minn. --(BUSINESS WIRE)--May 3, 2024-- Minnesota Power , a utility division of ALLETE Inc. (NYSE: ALE), has reached a settlement agreement on its 2024 electric rate proposal with the Minnesota Department of Commerce , Minnesota Attorney General’s Office and Large Power Intervenors.
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 25, 2024-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 70.50 cents per share of common stock. On an annual basis the dividend is equivalent to $2.82 per share, unchanged from the previous quarter.