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.

News Releases

Date Title and Summary Additional Formats
Toggle Summary PGE joins Grid United and ALLETE in 3,000 megawatt east-west transmission line
The North Plains Connector transmission line will more than double the transfer capacity between the eastern and western U.S. electric grids, providing PGE access to new, diverse resources and bolstering reliability for customers. PORTLAND, Ore. , May 28, 2024 /PRNewswire/ -- Portland General
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Toggle Summary ALLETE, Inc. reports first quarter 2024 earnings
DULUTH, Minn. --(BUSINESS WIRE)--May 9, 2024-- ALLETE, Inc. (NYSE: ALE) today reported first quarter 2024 earnings of 88 cents per share on net income of $50.7 million . Last year’s first quarter results were $1.02 per share on net income of $58.2 million .
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Toggle Summary ALLETE Enters Agreement to be Acquired by a Partnership Led by Canada Pension Plan Investment Board and Global Infrastructure Partners to Advance ‘Sustainability-in-Action’ Strategy
Positions ALLETE to Execute Clean-Energy Future for Customers, Communities and Employees as a Private Company ALLETE to Remain Locally Managed and Operated with Headquarters in Duluth, Minnesota Agreement Contains Meaningful Commitments to Retain ALLETE’s Workforce and Maintain Compensation Levels
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Toggle Summary Minnesota Power Reaches Electric Rate Settlement With State Agencies and Large Power Customers
DULUTH, Minn. --(BUSINESS WIRE)--May 3, 2024-- Minnesota Power , a utility division of ALLETE Inc. (NYSE: ALE), has reached a settlement agreement on its 2024 electric rate proposal with the Minnesota Department of Commerce , Minnesota Attorney General’s Office and Large Power Intervenors.
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Toggle Summary ALLETE Board of Directors declares dividend on common stock
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 25, 2024-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 70.50 cents per share of common stock. On an annual basis the dividend is equivalent to $2.82 per share, unchanged from the previous quarter.
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Toggle Summary ALLETE Recognized for Gender Diversity on Board and Among Executive Officers
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 16, 2024-- ALLETE, Inc. (NYSE:ALE) has been named an Honor Roll company of Special Distinction in an annual report on gender diversity in the executive ranks and on the boards of directors of the largest publicly traded companies in Minnesota . St.
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Toggle Summary ALLETE to Announce First Quarter Financial Results May 9
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 12, 2024-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 9, 2024 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
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Toggle Summary ALLETE, Inc. reports 2023 earnings of $4.30 per share; clean energy transition drives $4.3 billion capital investment plan over the next five years
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 20, 2024-- ALLETE, Inc. (NYSE: ALE) today reported 2023 earnings of $4.30 per share on net income of $247.1 million and operating revenue of $1.9 billion . Reported results from 2022 were $3.38 per share on net income of $189.3 million and operating revenue of
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Toggle Summary Minnesota Power advances EnergyForward with request for proposals for up to 400 megawatts of wind energy
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 15, 2024-- Minnesota Power , a utility division of ALLETE Inc. (NYSE: ALE), has issued a Request for Proposals (RFP) for up to 400 megawatts of wind energy to come online by the end of 2027, an important milestone in advancing its Energy Forward   vision for
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Toggle Summary ALLETE to announce 2023 financial results on February 20
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 7, 2024-- ALLETE Inc. (NYSE:ALE) will announce its financial results for 2023 before the stock markets open on Tuesday, February 20, 2024 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
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