DULUTH, Minn. --(BUSINESS WIRE)--Feb. 16, 2023-- ALLETE, Inc. (NYSE: ALE) today reported 2022 earnings of $3.38 per share on net income of $189.3 million and operating revenue of $1.6 billion . Reported results from 2021 were $3.23 per share on net income of $169.2 million and operating revenue of
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 3, 2023-- ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to $0.6775 per share, a 4.2% percent increase. “This dividend increase reflects the ALLETE Board of Directors’
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 30, 2023-- ALLETE, Inc. (NYSE:ALE) and Grid United today announced their intent to jointly develop the North Plains Connector, a new, approximately 385-mile high-voltage direct-current (HVDC) transmission line from central North Dakota to Colstrip, Montana .
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 24, 2023-- The Minnesota Public Utilities Commission (MPUC) on Monday approved a rate increase of approximately $59 million , or approximately 9%, that Minnesota Power , a utility division of ALLETE Inc. (NYSE: ALE), is allowed to recover through the base rates
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 19, 2023-- ALLETE Inc. (NYSE:ALE) will announce its financial results for 2022 before the stock markets open on Thursday, Feb. 16, 2023 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
DULUTH, Minn. --(BUSINESS WIRE)--Nov. 10, 2022-- The Minnesota Public Utilities Commission today unanimously approved Minnesota Power’s 15-year Integrated Resource Plan (IRP), the regulatory roadmap for the company’s Energy Forward vision to provide 100% carbon-free energy by 2050 while
DULUTH, Minn. --(BUSINESS WIRE)--Nov. 9, 2022-- ALLETE, Inc. (NYSE: ALE) today reported third quarter 2022 earnings of 59 cents per share on net income of $33.7 million . Last year’s results were 53 cents per share on net income of $27.6 million . Quarter over quarter results reflect higher net
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 28, 2022-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 65 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.60 per share, unchanged from the previous quarter.
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 7, 2022-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Wednesday, Nov. 9, 2022 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
DULUTH, Minn. --(BUSINESS WIRE)--Aug. 22, 2022-- ALLETE Inc. (NYSE:ALE) today announced several key leadership changes as the company continues to advance its sustainability in action strategy. This press release features multimedia. View the full release here: