News Releases

Date Title and Summary Additional Formats
Toggle Summary ALLETE Clean Energy’s Caddo Wind Site Begins Delivering Renewable Energy
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
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Toggle Summary ALLETE to Announce 2021 Financial Results on Feb. 16
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.
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Toggle Summary ALLETE Senior Vice President and Chief Financial Officer Robert Adams Announces Retirement Plans as Part of Orderly Transition
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 .
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Toggle Summary ALLETE, Inc. Reports Third Quarter Earnings of 53 Cents; Reaffirms 2021 Earnings Guidance Range
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
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Toggle Summary Minnesota Power Files Request for Rate Change to Support Sustainable Energy Future Amid Changing Customer Demand
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
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Toggle Summary ALLETE Board of Directors Declares Dividend on Common Stock
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 29, 2021-- The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 63 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.52 per share, unchanged from the previous quarter.
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Toggle Summary ALLETE to Announce Third Quarter Financial Results November 4
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 7, 2021-- ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Thursday, November 4, 2021 . Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M.
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Toggle Summary Charlene A. Thomas Named to ALLETE Board of Directors
DULUTH, Minn. --(BUSINESS WIRE)--Oct. 5, 2021-- ALLETE Inc.’s (NYSE: ALE) board of directors has elected Charlene A. Thomas , chief diversity, equity and inclusion officer for United Parcel Service Inc. (NYSE: UPS ), to serve on the board effective Oct. 4, 2021 .
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Toggle Summary ALLETE Announces Third Partner in Nemadji Trail Energy Center Project
Basin Electric joins Dairyland Power and ALLETE as an investor and owner of the planned Superior, WI plant DULUTH, Minn. --(BUSINESS WIRE)--Sep. 28, 2021-- ALLETE, Inc. (NYSE:ALE) - announced today it is selling a portion of its ownership stake in the planned Nemadji Trail Energy Center (NTEC) to
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Toggle Summary ALLETE, Inc. Reports Second Quarter Earnings of 53 Cents Per Share
DULUTH, Minn. --(BUSINESS WIRE)--Aug. 4, 2021-- ALLETE, Inc. (NYSE: ALE) today reported second quarter 2021 earnings of 53 cents per share on net income of $27.9 million . Last year’s results were 39 cents per share on net income of $20.1 million . Results in the second quarter of 2020 included an
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