DULUTH, Minn. --(BUSINESS WIRE)--Nov. 1, 2021-- Minnesota Power , a utility division of ALLETE Inc. (NYSE: ALE), is filing a request today with the Minnesota Public Utilities Commission (MPUC) to increase its annual operating revenue by $108 million and adjust rates for its retail electric
DULUTH, Minn. --(BUSINESS WIRE)--Nov. 4, 2021-- ALLETE, Inc. (NYSE: ALE) today reported third quarter 2021 earnings of 53 cents per share on net income of $27.6 million . Last year’s results were 78 cents per share on net income of $40.7 million . “ALLETE is making significant progress on strategic
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 11, 2022-- ALLETE (NYSE:ALE) today announced Senior Vice President and Chief Financial Officer Robert Adams will retire from the company later this year. As part of a planned transition, Adams will remain at the company until June 2022 .
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 18, 2022-- ALLETE Inc. (NYSE:ALE) will announce its financial results for 2021 before the stock markets open on Wednesday, Feb. 16, 2022 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
Company’s latest project generates electricity for Fortune 500 corporate customers DULUTH, Minn. --(BUSINESS WIRE)--Jan. 25, 2022-- ALLETE Clean Energy , a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), announced today the start of commercial operations at its Caddo Wind site in southern
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 2, 2022-- ALLETE, Inc. (NYSE:ALE) announced today that Susan K. Nestegard was selected as lead director by the independent members of its board of directors and also announced the retirement of two longtime board members.
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 3, 2022-- ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to 65 cents per share, a 3% percent increase. “ALLETE’s board is confident with this dividend increase given our
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 9, 2022-- ALLETE, Inc. (NYSE:ALE) today announced that Vice President and Chief Accounting Officer Steve Morris has been promoted to the position of senior vice president and chief financial officer. He succeeds Robert Adams , who recently announced his plan to
DULUTH, Minn. --(BUSINESS WIRE)--Feb. 16, 2022-- ALLETE, Inc. (NYSE: ALE) today reported 2021 earnings of $3.23 per share on net income of $169.2 million and operating revenue of $1.4 billion . Reported results from 2020 were $3.35 per share on net income of $174.2 million and operating revenue of
Acquisition supports ALLETE’s sustainability-in-action strategy DULUTH, Minn. --(BUSINESS WIRE)--Mar. 2, 2022-- ALLETE, Inc. (NYSE:ALE), today advanced its planned expansion in the solar energy sector, announcing it has signed a definitive agreement to acquire 100 percent of the membership