ALLETE has entered an agreement to be acquired by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners and start the process to become a private company. Learn more at www.ALLETEforward.com.

News Releases

Date Title and Summary Additional Formats
Toggle Summary ALLETE Board of Directors raises quarterly common stock dividend
DULUTH, Minn. --(BUSINESS WIRE)--Jan. 26, 2024-- ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to $0.705 per share, a 4.1% percent increase. “This dividend increase reflects the ALLETE Board of Directors’
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Toggle Summary ALLETE, Grid United sign development agreements for advancing new HVDC transmission line in North Dakota and Montana
North Plains Connector will link three regional energy markets DULUTH, Minn. --(BUSINESS WIRE)--Dec. 21, 2023-- ALLETE, Inc. (NYSE:ALE) and North Plains Connector LLC , a subsidiary of Grid United LLC , this week signed development agreements for the North Plains Connector project, a new,
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Toggle Summary Minnesota Power Advances EnergyForward with Request for Proposals for up to 300 Megawatts of Solar Energy
DULUTH, Minn. --(BUSINESS WIRE)--Nov. 15, 2023-- Minnesota Power , a utility division of ALLETE Inc. (NYSE: ALE), took an important step in advancing its EnergyForward vision for 100% carbon-free energy with the issuance of a Request for Proposals (RFP) for up to 300 megawatts of regional solar
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Toggle Summary ALLETE, Inc. reports third quarter earnings of $1.49 per share; raises full-year 2023 earnings guidance to a range of $4.30 to $4.40 per share reflecting increased earnings from ALLETE Clean Energy
DULUTH, Minn. --(BUSINESS WIRE)--Nov. 2, 2023-- ALLETE, Inc. (NYSE: ALE) today reported third quarter 2023 earnings of $1.49 per share on net income of $85.9 million . Last year’s third quarter results were 59 cents per share on net income of $33.7 million .
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Toggle Summary Minnesota Power files electric rate proposal to safeguard reliable service and maintain progress of clean-energy transition
Duluth, Minn. — As Minnesota Power continues the transition to a reliable, resilient clean-energy future through its EnergyForward strategy, today the company is filing its 2024 electric rate proposal with the Minnesota Public Utilities Commission (MPUC). The 2024 proposal supports the investments that the company is making to continue to advance a clean-energy transition for the region and the state.
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Toggle Summary ALLETE Board of Directors declares dividend on common stock
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 27, 2023-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 67.75 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.71 per share, unchanged from the previous quarter.
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Toggle Summary DOE Awards $50 Million to Minnesota Power to Increase Reliability and Resilience of Region’s Transmission Grid in Support of a Clean-Energy Future
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 18, 2023-- The U.S. Department of Energy today awarded a $50 million grant to Minnesota Power to modernize its high-voltage direct current (HVDC) transmission system so it is ready to expand to meet future energy needs while increasing the reliability and
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Toggle Summary ALLETE to announce third quarter financial results November 2
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 5, 2023-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Thursday, November 2, 2023 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
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Toggle Summary ALLETE, Inc. reports second quarter earnings of 90 cents per share; reaffirms 2023 earnings guidance range of $3.55 to $3.85 per share
DULUTH, Minn. --(BUSINESS WIRE)--Aug. 8, 2023-- ALLETE, Inc. (NYSE: ALE) today reported second quarter 2023 earnings of 90 cents per share on net income of $51.5 million . Last year’s second quarter results were 67 cents per share on net income of $37.6 million .
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Toggle Summary Minnesota Power, Great River Energy Advance Joint 345-kV Transmission Line Project with Application for Certificate of Need, Route Permit
DULUTH, Minn. --(BUSINESS WIRE)--Aug. 4, 2023-- Minnesota Power and Great River Energy today are filing an application for a Certificate of Need and Route Permit from the Minnesota Public Utilities Commission (MPUC) to build a high-voltage transmission line to bolster electric reliability in
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