ALLETE Declares Dividend on Common Stock ALLETE’s (NYSE: ALE) Board of Directors today declared a quarterly dividend on the company’s common stock. A dividend of 26.75 cents per share of common stock was declared by the board and is unchanged from the previous quarter.
Allete's ADESA Subsidiary Closes Deal To Buy Nine Auto Auctions From Manheim ALLETE’S (NYSE: ALE) ADESA subsidiary has completed the purchase of nine auto auctions from Manheim Auctions for $251 million. The auctions involved are: Southwest Auto Auction, Phoenix; Golden Gate Auto Auction, San
MP, Wisconsin utility plan new transmission line MP, Wisconsin utility plan new transmission line Wisconsin Public Service Corporation (NYSE: WPS) and Minnesota Power, Inc. (NYSE: MPL) have announced a plan to construct a 345-kilovolt transmission line from Wausau, Wis.
Minnesota Power, Inc. has new name -- ALLETE Minnesota Power, Inc. (NYSE: MPL) will begin doing business under a new name - ALLETE (NYSE: ALE) -- on September 1. The company's regulated electric business will continue to be called Minnesota Power. "With diverse, profitable and growing businesses
Minnesota Power redeems 5% preferred stock Minnesota Power, Inc. has called for redemption of all 113,358 outstanding shares of its 5% Preferred Stock at $102.50 per share plus accrued and unpaid dividends of 75 cents per share. The redemption date is August 24, 2000.
Minnesota Power net income up 30 percent, excluding gain Propelled by continued strong performance across all business units, Minnesota Power, Inc. (NYSE: MPL) reported a 30 percent increase in operating net income for the second quarter. Operating earnings per share also increased 30 percent for
ADESA acquires nine more automotive auctions Minnesota Power, Inc.'s ADESA subsidiary has signed a letter of intent to buy eight ADT Automotive auctions and one Manheim auction from Manheim Auctions. This is the second major purchase Minnesota Power has announced in the past week.
Minnesota Power's ADESA acquires Canadian Auction Group Minnesota Power, Inc.'s ADESA subsidiary has acquired the Canadian Auction Group (CAG), a wholesale auto remarketing company with 13 auction sites and dealer financing operations located across Canada.
MP Telecom Introduces DSL Internet Access To Duluth MP-Telecom, Inc., will offer high-speed Digital Subscriber Line (DSL) Internet access to business customers in the Duluth area. MP Telecom is working with Vancouver, Washington-based New Edge Networks to begin offering DSL technology within the
Minnesota Power, Potlatch team up on a new turbine generator Minnesota Power, Inc. and Potlatch Corp. have agreed to install a 24-megawatt turbine generator at the Potlatch facility in Cloquet, Minnesota. Minnesota Power's non-regulated electric business will own the turbine generator.