Superior Generation Project To Be Delayed Duluth, Minn. —Minnesota Power, an ALLETE company (NYSE: ALE) announced today that plans to build a natural gas-fired electric generating facility in Superior, Wisconsin have been delayed indefinitely. Construction of the $70-80 million, 160-megawatt (MW)
ALLETE Announces Revised Terms of Florida Water Sale (Duluth, Minn.) -- ALLETE, Inc. (NYSE: ALE) announced today that its Orlando-based utility business, Florida Water Services Corporation, has signed an amended asset sales agreement adjusting the sales price for the sale of substantially all of
ALLETE Expects Sale of Florida Water Services In Early 2003 Duluth, Minn.--ALLETE, Inc. (NYSE: ALE) announced that representatives of its wholly owned subsidiary, Florida Water, have agreed to delay the closing of the sale of substantially all of its assets until early 2003.
ALLETE Reports Solid Third Quarter Duluth, Minn. ― ALLETE, Inc. (NYSE: ALE) today reported earnings of 55 cents per share for the third quarter of 2002, compared with 47 cents over the comparable period a year ago, an increase of 17 percent. Net income was $45.1 million, up 19 percent from the
ALLETE Schedules Third Quarter Earnings Release & Conference Call Duluth, Minn. – ALLETE, Inc. (NYSE:ALE) will announce its financial results for the quarter ended September 30, 2002 before the market opens on Friday, October 18, 2002. Following the release, ALLETE Chairman, President and CEO David
ALLETE Announces Sale of Florida Water Services (Duluth, Minn.) -- ALLETE, Inc. (NYSE: ALE) announced today that its Orlando-based water utility business, Florida Water Services, has entered into an agreement to sell its assets to Florida Water Services Authority.
ALLETE Revises Earnings Estimate for 2002 (Duluth, Minn.) ― ALLETE, Inc. (NYSE: ALE) today revised its earnings-per-share estimate for 2002 to be in the range of $1.80 to $1.90, a change from its earlier estimate range of $2.00 to $2.10. As with the previous estimate, the updated estimate excludes
ADESA Opens The Largest Vehicle Auction in California TRACY, Calif. – ADESA Corp., North America’s fastest growing wholesale vehicle remarketing network, opened its doors to the new ADESA Golden Gate today. The new location in Tracy, Calif. is housed between Interstate 205 and 580, in the heart of
Rapids Power Co-Generation Project Canceled GRAND RAPIDS, Minn., Tuesday, August 6, 2002 – Rapids Power LLC announced today that it has canceled plans to pursue construction of a state-of-the-art 225 megawatt combined-heat-and-power (CHP) facility in Grand Rapids.
ALLETE Declares Dividend on Common Stock ALLETE’s (NYSE: ALE) Board of Directors has declared a quarterly dividend on the company’s common stock. A dividend of 27.5 cents per share of common stock was declared by the board. On an annual basis the dividend is equivalent to $1.10 per share, unchanged