Reinstates 2020 annual GAAP earnings guidance, with range of $3.09 - $3.29 , in light of improved visibility of industrial customer production levels for the remainder of the year Announces 2020 annual adjusted earnings guidance range (Non-GAAP) of $3.25 - $3.45 , excluding the Minnesota Power rate
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 31, 2020-- Barbara A. Nick , recently retired president and CEO of Dairyland Power Cooperative (DPC), has joined ALLETE’s (NYSE: ALE) board of directors. She was elected by the board July 28, 2020 . This press release features multimedia.
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 30, 2020-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 61.75 cents per share of common stock. On an annual basis the dividend is equivalent to $2.47 per share, unchanged from the previous quarter.
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 10, 2020-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Wednesday, August 5, 2020 . Following the release, ALLETE President and Chief Executive Officer Bethany M.
GNTL key component of company’s EnergyForward strategy to further cut carbon and add renewables DULUTH, Minn. --(BUSINESS WIRE)--Jun. 11, 2020-- Minnesota Power , a utility division of ALLETE Inc. (NYSE:ALE), has energized its Great Northern Transmission Line, bringing online an innovative delivery
Temporarily suspending 2020 guidance due to uncertainties with COVID-19 DULUTH, Minn. --(BUSINESS WIRE)--May 6, 2020-- ALLETE, Inc. (NYSE: ALE) today reported first quarter 2020 earnings of $1.28 per share on net income of $66.3 million . Last year’s results were $1.37 per share on net income of
DULUTH, Minn. --(BUSINESS WIRE)--May 5, 2020-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), sold Class A passive membership interests in Great American West Wind LLC to JPM Capital Corporation on April 29, 2020 , in support of the South Peak wind site in Montana .
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 30, 2020-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 61.75 cents per share of common stock. On an annual basis the dividend is equivalent to $2.47 per share, unchanged from the previous quarter.
Customers will receive refund on bills and lower rates under proposal to state regulators DULUTH, Minn. --(BUSINESS WIRE)--Apr. 23, 2020-- Minnesota Power , a utility division of ALLETE (NYSE: ALE), today proposed a resolution to its November 2019 rate review that would reduce customers’ monthly
Safety of shareholders, employees, directors and stakeholders is top priority DULUTH, Minn. --(BUSINESS WIRE)--Apr. 14, 2020-- ALLETE, Inc. (NYSE:ALE) announced today that its Annual Meeting of Shareholders will change to a virtual (i.e., online) format this year in light of the COVID-19