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.
Expects transaction to close in mid-2025 DULUTH, Minn. --(BUSINESS WIRE)--Dec. 19, 2024-- ALLETE, Inc. (NYSE: ALE) announced that the Federal Energy Regulatory Commission (FERC) approved the company’s proposed transaction with Canada Pension Plan Investment Board (CPP Investments) and Global
DULUTH, Minn. --(BUSINESS WIRE)--Nov. 19, 2024-- ALLETE Clean Energy , a wholly owned subsidiary of ALLETE (NYSE: ALE), has fully contracted the output of its Armenia Mountain Wind site for another seven years through agreements with two customers. ALLETE Clean Energy acquired the 100.5-megawatt
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 30, 2024-- ALLETE, Inc. (NYSE: ALE) today reported third quarter 2024 earnings of 78 cents per share on net income of $45.0 million . Last year’s third quarter results were $1.49 per share on net income of $85.9 million .
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 29, 2024-- ALLETE Clean Energy , a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), today announced the company has sold the Whitetail wind project in southwestern Wisconsin to Invenergy , with the intent that it be constructed and subsequently sold to WEC
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 25, 2024-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 70.5 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.82 per share, unchanged from the previous quarter.
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 24, 2024-- The Minnesota Public Utilities Commission (MPUC) on Thursday approved a settlement agreement on Minnesota Power’s 2024 electric rate proposal that will lower rates for all customers in early 2025. Minnesota Power reached the agreement with the
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 4, 2024-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Wednesday, October 30, 2024 . ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota .
DULUTH, Minn. --(BUSINESS WIRE)--Sep. 23, 2024-- Minnesota Power , a utility division of ALLETE Inc. (NYSE: ALE), announced today it plans to build two large solar projects in northern Minnesota as part of its continued transition toward a cleaner energy future while prioritizing regional renewable
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