News Releases

Date Title and Summary Additional Formats
Toggle Summary ALLETE Clean Energy announces large grant to Oklahoma school district to support students during COVID-19 pandemic
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 .
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Toggle Summary ALLETE, Inc. Reports Second Quarter Earnings
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
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Toggle Summary Barbara A. Nick Named to ALLETE Board of Directors
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.
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Toggle Summary ALLETE Board of Directors Declares Dividend on Common Stock
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 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.
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Toggle Summary ALLETE to Announce Second Quarter Financial Results on August 5
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 10, 2020-- ALLETE, Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Wednesday, August 5, 2020 . Following the release, ALLETE President and Chief Executive Officer Bethany M.
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Toggle Summary Minnesota Power Energizes Great Northern Transmission Line to Move Company Closer to 50 Percent Renewable Energy by 2021
GNTL key component of company’s EnergyForward strategy to further cut carbon and add renewables DULUTH, Minn. --(BUSINESS WIRE)--Jun. 11, 2020-- Minnesota Power , a utility division of ALLETE Inc. (NYSE:ALE), has energized its Great Northern Transmission Line, bringing online an innovative delivery
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Toggle Summary ALLETE, Inc. Reports First Quarter Earnings of $1.28 Per Share
Temporarily suspending 2020 guidance due to uncertainties with COVID-19 DULUTH, Minn. --(BUSINESS WIRE)--May 6, 2020-- ALLETE, Inc. (NYSE: ALE) today reported first quarter 2020 earnings of $1.28 per share on net income of $66.3 million . Last year’s results were $1.37 per share on net income of
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Toggle Summary ALLETE Clean Energy Secures Tax Equity Funding for Its Newest Wind Site
DULUTH, Minn. --(BUSINESS WIRE)--May 5, 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 April 29, 2020 , in support of the South Peak wind site in Montana .
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Toggle Summary ALLETE Board of Directors Declares Dividend on Common Stock
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 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.
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Toggle Summary Minnesota Power Proposes Plan to Resolve Rate Request in Response to Economic Challenges of COVID-19
Customers will receive refund on bills and lower rates under proposal to state regulators DULUTH, Minn. --(BUSINESS WIRE)--Apr. 23, 2020-- Minnesota Power , a utility division of ALLETE (NYSE: ALE), today proposed a resolution to its November 2019 rate review that would reduce customers’ monthly
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