News Releases

Date Title and Summary Additional Formats
Toggle Summary ALLETE Clean Energy to Sell Repowered Wind Site to Xcel Energy
Upgraded southwest Minnesota project will increase amount of low-cost carbon-free electricity DULUTH, Minn. --(BUSINESS WIRE)--Feb. 16, 2021-- ALLETE Clean Energy , a wholly owned subsidiary of ALLETE Inc. (NYSE: ALE), will repower and expand the Northern Wind site, consisting of the Chanarambie
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Toggle Summary ALLETE Clean Energy announces renewable energy sale agreements with two more Fortune 500 companies for Caddo wind site in Oklahoma
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 10, 2021-- ALLETE Clean Energy , a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), announced today renewable energy sale agreements with the Oshkosh Corporation and Hormel Foods for a combined 100 megawatts from its Caddo wind site under construction in
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Toggle Summary ALLETE Board of Directors Raises Quarterly Common Stock Dividend
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 4, 2021-- ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to 63 cents per share, a two percent increase. “ALLETE’s board is confident in this dividend increase given our
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Toggle Summary ALLETE to Announce 2020 Financial Results on Feb. 17
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 18, 2021-- ALLETE Inc. (NYSE:ALE) will announce its financial results for 2020 before the stock markets open on Wednesday, Feb. 17, 2021 . Following the release, ALLETE President and Chief Executive Officer Bethany M.
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Toggle Summary Minnesota Power Announces Vision for 100 Percent Carbon-Free Energy by 2050
Company’s Integrated Resource Plan will outline its clean-energy transition plans through 2035 DULUTH, Minn. --(BUSINESS WIRE)--Jan. 12, 2021-- Minnesota Power , an ALLETE company, today announced its vision to deliver 100 percent carbon-free energy to customers by 2050, continuing its commitment
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Toggle Summary ALLETE subsidiaries secure tax equity funding for two wind sites
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.
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Toggle Summary ALLETE Clean Energy Begins Commercial Operations at Diamond Spring Wind Site
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
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Toggle Summary Minnesota Power Reaches 50 Percent Renewable Energy Milestone to Lead Minnesota Utilities
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
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Toggle Summary ALLETE Clean Energy Announces Renewable Energy Agreement with McDonald’s for Caddo Wind Site in Oklahoma
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
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Toggle Summary ALLETE, Inc. Reports Third Quarter Earnings of 78 Cents
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 .
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