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.
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 19, 2023-- ALLETE Inc. (NYSE:ALE) has again been included among a group of Minnesota companies recognized for gender diversity in their top leadership ranks. This press release features multimedia. View the full release here:
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 14, 2023-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Wednesday, May 3, 2023 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 5, 2023-- ALLETE Clean Energy , a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), today announced the company has closed on the sale of the Red Barn project to WEC Energy Group utility Wisconsin Public Service Corp. (WPS) and Madison Gas and Electric Co.
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