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 declares dividend on common stock
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 31, 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 ALLETE Clean Energy adds new customer segment through power purchase agreement with Seattle City Light
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 25, 2023-- ALLETE Clean Energy , a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), has entered a new customer segment after signing a 5-year power purchase agreement (PPA) to sell wind power to Seattle City Light , the company’s first municipal customer.
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Toggle Summary ALLETE to announce second quarter financial results August 8
DULUTH, Minn. --(BUSINESS WIRE)--Jul. 7, 2023-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Tuesday, August 8, 2023 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
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Toggle Summary Minnesota Power advances HVDC transmission system project to strengthen grid reliability, resiliency in Upper Midwest
DULUTH, Minn. --(BUSINESS WIRE)--Jun. 1, 2023-- To help ensure a reliable and resilient grid that can expand in the future, Minnesota Power this week outlined planned upgrades to its high-voltage, direct-current (HVDC) transmission system that delivers renewable wind energy from its Bison Wind
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Toggle Summary ALLETE advances most transformative growth strategy in company history
CEO describes clean energy, transmission projects at annual shareholder meeting DULUTH, Minn. --(BUSINESS WIRE)--May 9, 2023-- With momentum on its side, ALLETE Inc.’s (NYSE:ALE) sustainability-in-action strategy is securing the company’s place as a national leader in the transition to a
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Toggle Summary ALLETE, Inc. reports first quarter earnings of $1.02 per share
Reaffirms 2023 earnings guidance range of $3.55 to $3.85 per share DULUTH, Minn. --(BUSINESS WIRE)--May 3, 2023-- ALLETE, Inc. (NYSE: ALE) today reported first quarter 2023 earnings of $1.02 per share on net income of $58.2 million . Last year’s first quarter results were $1.24 per share on net
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Toggle Summary ALLETE Board of Directors declares dividend on common stock
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 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 ALLETE among Minnesota companies honored for gender parity in boardroom, among executive officers
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 19, 2023-- ALLETE Inc. (NYSE:ALE) has again been included among a group of Minnesota companies recognized for gender diversity in their top leadership ranks. This press release features multimedia. View the full release here:
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Toggle Summary ALLETE to announce first quarter financial results May 3
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 14, 2023-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Wednesday, May 3, 2023 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
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Toggle Summary ALLETE Clean Energy closes on sale of Wisconsin wind project to WPS and MGE
DULUTH, Minn. --(BUSINESS WIRE)--Apr. 5, 2023-- ALLETE Clean Energy , a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), today announced the company has closed on the sale of the Red Barn project to WEC Energy Group utility Wisconsin Public Service Corp. (WPS) and Madison Gas and Electric Co.
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