ALLETE Reports Second Quarter Earnings Duluth, Minn. — ALLETE, Inc. (NYSE: ALE) today reported earnings of 47 cents per share for the second quarter of 2002. Net income was $38.8 million on quarterly operating revenue of $376.7 million. Excluding exit charges related to the vehicle transport
ADESA’s Great Rigs Sold to The Waggoners Trucking Indianapolis -- ADESA Corp. has sold substantially all of the assets of its transportation subsidiary, Great Rigs Incorporated, to The Waggoners Trucking, based in Billings, Mont. Terms of the deal were not disclosed.
ALLETE Reports First Quarter Earnings Duluth, Minn. -- ALLETE, Inc. (NYSE: ALE) today reported earnings of 44 cents per share for the first quarter of 2002, compared with 46 cents for the first quarter of 2001. Net income for the quarter was $35.2 million on quarterly revenue of $373 million,
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
Rapids Power Project To Be Delayed Grand Rapids, Minn. – Officials from Rapids Power LLC, announced today that it will delay, for at least six months, seeking the Certificate of Need (CON) permit which is required for the construction of the 225 MW combined heat and power (CHP) facility in Grand
ALLETE Schedules First-Quarter Earnings Release and Conference Call Duluth, Minn. – ALLETE, Inc. (NYSE:ALE) will announce its financial results for the quarter ended March 31, 2002 before the market opens on Thursday, April 25, 2002. Following the release, ALLETE Chairman, President and CEO David
Enventis Telecom Achieves Gold Certification From Cisco Systems Minneapolis, Minn. — Enventis Telecom, an ALLETE company (NYSE: ALE) announced today it has achieved Gold Certification from Cisco Systems, Inc. The Cisco partner certification program provides Enventis Telecom with the resources to
Split Rock Energy LLC and MPEX Integrate Operations Minneapolis, MN – Split Rock Energy LLC announced that it has integrated the operations of MPEX, the wholesale power marketing division of Duluth, MN-based Minnesota Power. MPEX’s 40-member staff is now employed by Split Rock Energy.
MP's Hagley Honored For Environmental Stewardship Duluth, Minn. — Minnesota Power, an ALLETE company (NYSE: ALE) today announced that one of its lead environmental scientists has received national recognition for his work aimed at reducing emissions from electric power plants.
Progress Reported On Proposed Sale of Florida Water Services Duluth, Minn.--Representatives of ALLETE, Inc. (NYSE: ALE) and the Florida Government Utility Authority (FGUA), continuing their negotiations over the sale of Florida Water Services Corporation yesterday signed a letter of understanding