DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), has acquired the Caddo wind project in Oklahoma from Apex Clean Energy , including plans to sell energy to three Fortune 500 corporate customers. The 300-megawatt Caddo site will double ALLETE
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 13, 2020-- ALLETE, Inc. (NYSE: ALE) today reported 2019 earnings of $3.59 per share on net income of $185.6 million and operating revenue of $1.2 billion . Reported results from 2018 were $3.38 per share on net income of $174.1 million and operating revenue of
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 3, 2020-- ALLETE , Inc.’s (NYSE:ALE) Board of Directors today announced that Bethany Owen , current President of ALLETE , has been elected CEO of ALLETE . Owen succeeds Al Hodnik . To support an orderly transition, Hodnik will serve as Executive Chairman of the
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 31, 2020-- ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to 61.75 cents per share, a five percent increase. “ALLETE’s board is confident with this dividend increase given
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 14, 2020-- ALLETE Inc. (NYSE:ALE) will announce its financial results for 2019 before the stock markets open on Thursday, Feb. 13, 2020 . Following the release, ALLETE Chairman and Chief Executive Officer Alan R. Hodnik , President Bethany M.
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 9, 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 Dec. 30, 2019 , in support of the Glen Ullin Energy Center wind site in North
Company expands wind fleet with addition of 106-megawatt Glen Ullin Energy Center in North Dakota DULUTH, Minn. --(BUSINESS WIRE)--Dec. 10, 2019-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), announced today that its Glen Ullin Energy Center about 40 miles west of Bismarck,
DULUTH, Minn. --(BUSINESS WIRE)--Nov. 6, 2019-- ALLETE, Inc. (NYSE: ALE) today reported third quarter 2019 earnings of 60 cents per share on net income of $31.2 million . Last year’s results were 59 cents per share on net income of $30.7 million , which included 3 cents per share and $1.7 million
Continued investments in Energy Forward are transforming how energy is produced, delivered and used DULUTH, Minn. --(BUSINESS WIRE)--Nov. 1, 2019-- Minnesota Power , a utility division of ALLETE (NYSE: ALE), is filing a request today with state regulators to increase its annual operating revenue by
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 24, 2019-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 58.75 cents per share of common stock. On an annual basis the dividend is equivalent to $2.35 per share, unchanged from the previous quarter.