News Releases

Date Title and Summary Additional Formats
Toggle Summary ALLETE to Announce First Quarter Financial Results May 6
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 8, 2021-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 6, 2021 . Following the release, ALLETE Chief Executive Officer and President Bethany M.
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Toggle Summary ALLETE Highlights Sustainability in Action in Enhanced Sustainability Report
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 5, 2021-- ALLETE Inc. has released its 2020 corporate sustainability report highlighting the company’s performance related to energy and the environment, social responsibility, and best-practices governance. The enhanced 2020 report includes both a narrative
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Toggle Summary ALLETE, Inc. Reports 2020 Earnings of $3.35 Per Share; Initiates 2021 Earnings Guidance; Anticipates Further Improvement In 2022
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 17, 2021-- ALLETE, Inc. (NYSE: ALE) today reported 2020 earnings of $3.35 per share on net income of $174.2 million and operating revenue of $1.2 billion . Reported results from 2019 were $3.59 per share on net income of $185.6 million and operating revenue of
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Toggle Summary ALLETE Clean Energy to Sell Repowered Wind Site to Xcel Energy
Upgraded southwest Minnesota project will increase amount of low-cost carbon-free electricity DULUTH, Minn. --(BUSINESS WIRE)--Feb. 16, 2021-- ALLETE Clean Energy , a wholly owned subsidiary of ALLETE Inc. (NYSE: ALE), will repower and expand the Northern Wind site, consisting of the Chanarambie
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Toggle Summary ALLETE Clean Energy announces renewable energy sale agreements with two more Fortune 500 companies for Caddo wind site in Oklahoma
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 10, 2021-- ALLETE Clean Energy , a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), announced today renewable energy sale agreements with the Oshkosh Corporation and Hormel Foods for a combined 100 megawatts from its Caddo wind site under construction in
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Toggle Summary ALLETE Board of Directors Raises Quarterly Common Stock Dividend
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 4, 2021-- ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to 63 cents per share, a two percent increase. “ALLETE’s board is confident in this dividend increase given our
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Toggle Summary ALLETE to Announce 2020 Financial Results on Feb. 17
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 18, 2021-- ALLETE Inc. (NYSE:ALE) will announce its financial results for 2020 before the stock markets open on Wednesday, Feb. 17, 2021 . Following the release, ALLETE President and Chief Executive Officer Bethany M.
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Toggle Summary Minnesota Power Announces Vision for 100 Percent Carbon-Free Energy by 2050
Company’s Integrated Resource Plan will outline its clean-energy transition plans through 2035 DULUTH, Minn. --(BUSINESS WIRE)--Jan. 12, 2021-- Minnesota Power , an ALLETE company, today announced its vision to deliver 100 percent carbon-free energy to customers by 2050, continuing its commitment
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Toggle Summary ALLETE subsidiaries secure tax equity funding for two wind sites
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 7, 2021-- Two wholly owned subsidiaries of ALLETE (NYSE: ALE) have secured a total of nearly $350 million in tax equity financing in support of two recently completed wind energy sites. ALLETE Clean Energy on Dec.
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Toggle Summary ALLETE Clean Energy Begins Commercial Operations at Diamond Spring Wind Site
Company’s largest project generates electricity for Fortune 500 corporate customers DULUTH, Minn. --(BUSINESS WIRE)--Dec. 22, 2020-- ALLETE Clean Energy , a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), announced today the start of commercial operations at its Diamond Spring wind site in
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