ALLETE, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Bethany Owen
- Full Time Employees
- 1,595
- Sector
- Utilities
- Industry
- Diversified Utilities
- Address
- 30 West Superior Street Duluth MN United States of America 55802-2093
- IPO Date
- May 3, 1973
- CIK
- 0000066756
- Website
- allete.com
- Similar Companies
- Business
- ALLETE, Inc. is a diversified energy company primarily engaged in the generation and distribution of electric power, as well as providing energy-related services. Its core products and services include electric utility operations through its subsidiary Minnesota Power, which generates and sells electricity primarily in the Upper Midwest region of the United States. The company’s energy portfolio encompasses coal, natural gas, hydroelectric, wind, and solar power generation. ALLETE also offers infrastructure solutions, including transmission and distribution services, and provides environmental services encompassing waste-to-energy, waste management, and groundwater remediation. Additionally, ALLETE owns renewable energy assets and participates in project development and management within the clean energy sector. Founded in 1906 and headquartered in Duluth, Minnesota, ALLETE operates mainly in the United States, with a concentration in the Midwest. The company serves a wide range of customers including residential, commercial, and industrial segments. Recent major developments include strategic expansions in renewable energy projects and initiatives that enhance sustainability and emissions reduction. ALLETE has pursued partnerships and acquisitions aimed at strengthening its clean energy capabilities and broadening its infrastructure services. Over the last one to two years, the company has invested in new renewable energy projects and advanced technology upgrades to enhance grid reliability and operational efficiency, reflecting a strategic shift towards greener energy solutions and diversified energy infrastructure. ALLETE’s business segments include Electric Utility, ALLETE Clean Energy, and ALLETE Solutions, with the Electric Utility segment focusing on regulated electric service, while ALLETE Clean Energy handles renewable energy project development and ownership. The company continues to invest in wind and solar projects to expand its clean energy portfolio and has demonstrated a commitment to innovation in energy storage and grid modernization. ALLETE remains a significant regional player in energy provision with a forward-looking approach to sustainability and operational excellence.
Texas Permanent School Fund Corp Sells 7,392 Shares of Allete, Inc. $ALE
Alerio Gold Announces Change Of Name And Symbol To Lighthouse Gold Inc. (LGHT)
ALLETE Announces Completion of Acquisition by CPP Investments and Global Infrastructure Partners
ALLETE Board of Directors Declares Stub Period Dividend on Common Stock
Corebridge Financial Set to Join S&P MidCap 400
California Public Employees Retirement System Raises Stake in Allete, Inc. $ALE
ALLETE Receives Written Order From MPUC Approving Acquisition by CPP Investments and Global Infrastructure Partners, Closing Expected Dec. 15
Gamco Investors INC. ET AL Buys 10,712 Shares of Allete, Inc. $ALE
Allete, Inc. $ALE Shares Bought by Arrowstreet Capital Limited Partnership
New Energy Equity's Lift As We Climb Foundation Raises $143,000 for Let's Share the Sun Foundation at 4th Annual Charity Golf Tournament
ALLETE, Inc. Awaits Written Order to Complete Sale to Partners Canada Pension Plan Investment Board and Global Infrastructure Partners; Reports Third Quarter 2025 Earnings
ALLETE to Announce Third Quarter Financial Results October 31
ALLETE Obtains Regulatory Approval from Minnesota Public Utilities Commission for Partnership with CPP Investments and Global Infrastructure Partners
This Dividend Opportunity Is Disappearing Soon: Allete
Allete: Merger Close Doubts Arise, But Buy Rating Maintained
Allete quarterly profit drops on higher operating, interest expense
ALLETE, Inc. Reports Second Quarter 2025 Earnings
ALLETE Board of Directors Declares Dividend on Common Stock
ALLETE Announces Agreement with Minnesota Department of Commerce to Deliver Immediate Post-Closing Cost Savings and Substantial Benefits for Customers and Communities
ALLETE to Announce Second Quarter Financial Results August 07