News Releases

Date Title and Summary Additional Formats
Toggle Summary Bethany M. Owen named Chair of ALLETE Board of Directors
DULUTH, Minn. --(BUSINESS WIRE)--May 11, 2021-- The ALLETE Inc. (NYSE:ALE) board of directors has named President and Chief Executive Officer Bethany M. Owen chair of the ALLETE board of directors effective May 11, 2021 . This press release features multimedia.
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Toggle Summary ALLETE, Inc. Reports First Quarter Earnings of 99 Cents per Share
Reaffirms 2021 earnings guidance range of $3.00 - $3.30 per share DULUTH, Minn. --(BUSINESS WIRE)--May 6, 2021-- ALLETE, Inc. (NYSE: ALE) today reported first quarter 2021 earnings of 99 cents per share on net income of $51.8 million . Last year’s results were $1.28 per share on net income of $66.3
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Toggle Summary ALLETE Clean Energy Expands Geographic Reach and Customer Profile With New Wind Development Project in Wisconsin
DULUTH, Minn. --(BUSINESS WIRE)--May 5, 2021-- ALLETE Clean Energy , a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), has acquired the Red Barn wind project and signed an asset sales agreement with WEC Energy Group utility Wisconsin Public Service Corp. (WPS) and Madison Gas and Electric Co.
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Toggle Summary ALLETE Board of Directors Declares Dividend on Common Stock
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 29, 2021-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 63 cents per share of common stock. On an annual basis the dividend is equivalent to $2.52 per share, unchanged from the previous quarter.
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Toggle Summary ALLETE Recognized for Advancing Women in Leadership Roles
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 23, 2021-- ALLETE Inc. (NYSE:ALE) has received statewide recognition for its long history of advancing women in corporate leadership roles. The 2020 Minnesota Census of Women in Corporate Leadership, produced by St. Catherine University in St.
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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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