DULUTH, Minn. --(BUSINESS WIRE)--Jul. 31, 2020-- Barbara A. Nick , recently retired president and CEO of Dairyland Power Cooperative (DPC), has joined ALLETE’s (NYSE: ALE) board of directors. She was elected by the board July 28, 2020 . This press release features multimedia.
Reinstates 2020 annual GAAP earnings guidance, with range of $3.09 - $3.29 , in light of improved visibility of industrial customer production levels for the remainder of the year Announces 2020 annual adjusted earnings guidance range (Non-GAAP) of $3.25 - $3.45 , excluding the Minnesota Power rate
DULUTH, Minn. --(BUSINESS WIRE)--Aug. 13, 2020-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), announced today a $50,000 grant in partnership with GE Renewable Energy and Wanzek to the Mill Creek School District in Mill Creek, Oklahoma .
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 14, 2020-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Monday, November 9, 2020 . Following the release, ALLETE President and Chief Executive Officer Bethany M.
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 30, 2020-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 61.75 cents per share of common stock. On an annual basis the dividend is equivalent to $2.47 per share, unchanged from the previous quarter.
Reaffirms 2020 earnings guidance range DULUTH, Minn. --(BUSINESS WIRE)--Nov. 9, 2020-- ALLETE, Inc. (NYSE: ALE) today reported third quarter 2020 earnings of 78 cents per share on net income of $40.7 million . Last year’s results were 60 cents per share on net income of $31.2 million .
DULUTH, Minn. --(BUSINESS WIRE)--Dec. 7, 2020-- ALLETE Clean Energy , a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), announced today a renewable energy sale agreement with McDonald’s Corp. (NYSE: MCD) for 200 megawatts from the Caddo wind site ALLETE Clean Energy is currently constructing
DULUTH, Minn. --(BUSINESS WIRE)--Dec. 16, 2020-- Minnesota Power customers are now receiving half of their energy from renewable sources as the company becomes the first Minnesota utility to deliver 50 percent renewable energy to customers. The achievement highlights the success of Minnesota
Company’s largest project generates electricity for Fortune 500 corporate customers DULUTH, Minn. --(BUSINESS WIRE)--Dec. 22, 2020-- ALLETE Clean Energy , a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), announced today the start of commercial operations at its Diamond Spring wind site in
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 7, 2021-- Two wholly owned subsidiaries of ALLETE (NYSE: ALE) have secured a total of nearly $350 million in tax equity financing in support of two recently completed wind energy sites. ALLETE Clean Energy on Dec.