News Releases

Date Title and Summary Additional Formats
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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Toggle Summary ALLETE Board of Directors Declares Dividend on Common Stock
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.
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Toggle Summary ALLETE to Announce Third Quarter Financial Results on November 9
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.
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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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