News Releases

Date Title and Summary Additional Formats
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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Toggle Summary ALLETE Annual Meeting of Shareholders moves to virtual format
Safety of shareholders, employees, directors and stakeholders is top priority DULUTH, Minn. --(BUSINESS WIRE)--Apr. 14, 2020-- ALLETE, Inc. (NYSE:ALE) announced today that its Annual Meeting of Shareholders will change to a virtual (i.e., online) format this year in light of the COVID-19
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Toggle Summary ALLETE to Announce First Quarter Financial Results on May 6
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 9, 2020-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Wednesday, May 6, 2020 . Following the release, ALLETE Chief Executive Officer and President Bethany M.
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Toggle Summary ALLETE Clean Energy Purchases 300-megawatt Caddo Wind Project in Oklahoma That Will Double Its Presence in the Corporate Energy Market
DULUTH, Minn. --(BUSINESS WIRE)-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), has acquired the Caddo wind project in Oklahoma from Apex Clean Energy , including plans to sell energy to three Fortune 500 corporate customers. The 300-megawatt Caddo site will double ALLETE
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Toggle Summary ALLETE, Inc. Reports 2019 Earnings of $3.59 Per Share; Initiates 2020 Earnings Guidance; Will Construct Significant New Clean Energy Projects In 2020
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 13, 2020-- ALLETE, Inc. (NYSE: ALE) today reported 2019 earnings of $3.59 per share on net income of $185.6 million and operating revenue of $1.2 billion . Reported results from 2018 were $3.38 per share on net income of $174.1 million and operating revenue of
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Toggle Summary Bethany M. Owen Named CEO of ALLETE; Alan R. Hodnik Announces Plans to Retire May 2021
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 3, 2020-- ALLETE , Inc.’s (NYSE:ALE) Board of Directors today announced that Bethany Owen , current President of ALLETE , has been elected CEO of ALLETE . Owen succeeds Al Hodnik . To support an orderly transition, Hodnik will serve as Executive Chairman of the
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Toggle Summary ALLETE Board of Directors Raises Quarterly Common Stock Dividend
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 31, 2020-- ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to 61.75 cents per share, a five percent increase. “ALLETE’s board is confident with this dividend increase given
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Toggle Summary ALLETE to Announce 2019 Financial Results on Feb. 13
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 14, 2020-- ALLETE Inc. (NYSE:ALE) will announce its financial results for 2019 before the stock markets open on Thursday, Feb. 13, 2020 . Following the release, ALLETE Chairman and Chief Executive Officer Alan R. Hodnik , President Bethany M.
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